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Commercial Office in Strovolos, Nicosia
5709, Cyprus
REF: 643327
€3,500,000
Description
Reference ID: #17199Price details: 3,500,000Twelve office units with a total area of 2.210 sqm, a 27-year old commercial building located in a prime location in Strovolos, Nicosia. It is adjacent to Vyzantiou Street on its western boundary 450 m south-east of the Metochi tou Kykkou and north-west of the Presidential House.Along Vyzantiou Street there is a mix of commercial and residential properties with showrooms, shops, offices, apartments and houses. In the nearby area many residential properties can be observed. Due to its location, it offers excellent accessibility to Nicosia city centre and the surrounding areas.The property consists of 12 offices, which are all connected and which form one unified property. Currently there are two offices on the ground floor, five on the first floor and five on the second floor.The ground floor comprises an open plan area, a conference room, 3 office rooms, a storeroom and bathrooms with of total area of 204 sqm.The mezzanine comprises 2 open plan areas, 2 office rooms, a conference room, a storeroom and bathrooms with a total area of 105 sqm.The 1st floor comprises 5 offices, a small kitchen, a computer room, a photocopy room and bathrooms with a total area of 790 sqm.The 2nd floor comprises 5 offices, a small kitchen, 2 store rooms, a photocopy room and bathrooms with a total area of 790 sqm.The property has also a basement with a total area of 321 sqm, which comprises a single storeroom/archive room, an extra auxiliary area, an office, storerooms, a cafeteria, a seminar room, bathrooms and other auxiliary areas.It offers 27 parking places in the basement area.
Reference ID: #17199Price details: 3,500,000Twelve office units with a total area of 2.210 sqm, a 27-year old commercial building located in a prime location in Strovolos, Nicosia. It is adjacent to Vyzantiou Street on its western boundary 450 m south-east of the Metochi tou Kykkou and north-west of the Presidential House.Along Vyzantiou Street there is a mix of commercial and residential properties with showrooms, shops, offices, apartments and houses. In the nearby area many residential properties can be observed. Due to its location, it offers excellent accessibility to Nicosia city centre and the surrounding areas.The property consists of 12 offices, which are all connected and which form one unified property. Currently there are two offices on the ground floor, five on the first floor and five on the second floor.The ground floor comprises an open plan area, a conference room, 3 office rooms, a storeroom and bathrooms with of total area of 204 sqm.The mezzanine comprises 2 open plan areas, 2 office rooms, a conference room, a storeroom and bathrooms with a total area of 105 sqm.The 1st floor comprises 5 offices, a small kitchen, a computer room, a photocopy room and bathrooms with a total area of 790 sqm.The 2nd floor comprises 5 offices, a small kitchen, 2 store rooms, a photocopy room and bathrooms with a total area of 790 sqm.The property has also a basement with a total area of 321 sqm, which comprises a single storeroom/archive room, an extra auxiliary area, an office, storerooms, a cafeteria, a seminar room, bathrooms and other auxiliary areas.It offers 27 parking places in the basement area.
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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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,977,415 | £3,064,005 | £86,590 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,977,415 |
| Maximum cost in the last six months | £3,064,005 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £86,590 |
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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,977,415 | £3,064,005 | £86,590 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,977,415 |
| Maximum cost in the last six months | £3,064,005 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £86,590 |
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 £86,590 more.
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