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Commercial Warehouse in Strovolos, Nicosia
5709, Cyprus
REF: 642096
€1,750,000
Description
Reference ID: #SA29456Price details: 1,750,000Two level industrial warehouse falls within the administrative boundaries of Strovolos Municipality, within the Industrial Area of the municipality, approximately 300 meters west of the Nicosia-Limassol motorway.The industrial area of the municipality is one of the largest and most important industrial areas that have been created and a large number of industrial units have been installed in the area since the area offers easy access to Nicosia and other cities.The industrial unit consists of office spaces and storage areas. The office/administrative space has a total area of approximately 200 sq.m. and it consists of a ground floor which is divided into a reception area, office spaces, a kitchen, three toilets and a 1st floor comprising by two office rooms. Furthermore, the storage space is separated internally into 3 sections which are connected internally and are used as storage areas.According to the available building density, the asset can be further expanded to 4550 sq.m. in total subject to acquiring all the necessary permits.Current government lease ending on the 30th of April 2045 with the right to re-new for another 33 years
Reference ID: #SA29456Price details: 1,750,000Two level industrial warehouse falls within the administrative boundaries of Strovolos Municipality, within the Industrial Area of the municipality, approximately 300 meters west of the Nicosia-Limassol motorway.The industrial area of the municipality is one of the largest and most important industrial areas that have been created and a large number of industrial units have been installed in the area since the area offers easy access to Nicosia and other cities.The industrial unit consists of office spaces and storage areas. The office/administrative space has a total area of approximately 200 sq.m. and it consists of a ground floor which is divided into a reception area, office spaces, a kitchen, three toilets and a 1st floor comprising by two office rooms. Furthermore, the storage space is separated internally into 3 sections which are connected internally and are used as storage areas.According to the available building density, the asset can be further expanded to 4550 sq.m. in total subject to acquiring all the necessary permits.Current government lease ending on the 30th of April 2045 with the right to re-new for another 33 years
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Currency Exchange
5709, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,750,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,750,000 | £1,488,708 | £1,532,003 | £43,295 |
| Property Price € | €1,750,000 |
| Minimum cost in the last six months | £1,488,708 |
| Maximum cost in the last six months | £1,532,003 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,295 |
5709, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,750,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,750,000 | £1,488,708 | £1,532,003 | £43,295 |
| Property Price € | €1,750,000 |
| Minimum cost in the last six months | £1,488,708 |
| Maximum cost in the last six months | £1,532,003 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,295 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £43,295 more.
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