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Land Commercial in Strovolos, Nicosia
5709, Cyprus
REF: 643374
€3,640,000
Description
Reference ID: #17102Price details: 3,640,000A field of 5.180 sqm within the Special Area Planning Zone is available for sale in Ap. Varnavas and Ayiou Makariou area in Strovolos, Nicosia.The subject property is located approximately 550m from the Mall of Cyprus, 450m south-east from the Nicosia hospital and is in close proximity to the Nicosia Limassol motorway. It has a rather trapeze shape and a flat even surface. It also benefits of a total road frontage of circa 100m along Kalamon Street.The special-area zoned parcel may support the General Hospital with relevant developments (including parking spaces, small hotels, medical laboratories), as well as other types of development (including showrooms, offices, DIY stores and supermarkets).The immediate area is comprised of mainly industrial and large scale commercial units, such as the Nicosia General Hospital, Super Home Centre, and the Mall of Cyprus.It is serviced from utility services (electricity, water and telecommunication).The asset falls within the Special-Area Planning Zone ??5 with a building density coefficient of 100% and a coverage coefficient of 50% over 2 floors.
Reference ID: #17102Price details: 3,640,000A field of 5.180 sqm within the Special Area Planning Zone is available for sale in Ap. Varnavas and Ayiou Makariou area in Strovolos, Nicosia.The subject property is located approximately 550m from the Mall of Cyprus, 450m south-east from the Nicosia hospital and is in close proximity to the Nicosia Limassol motorway. It has a rather trapeze shape and a flat even surface. It also benefits of a total road frontage of circa 100m along Kalamon Street.The special-area zoned parcel may support the General Hospital with relevant developments (including parking spaces, small hotels, medical laboratories), as well as other types of development (including showrooms, offices, DIY stores and supermarkets).The immediate area is comprised of mainly industrial and large scale commercial units, such as the Nicosia General Hospital, Super Home Centre, and the Mall of Cyprus.It is serviced from utility services (electricity, water and telecommunication).The asset falls within the Special-Area Planning Zone ??5 with a building density coefficient of 100% and a coverage coefficient of 50% over 2 floors.
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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 €3,640,000 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 |
|---|---|---|---|
| €3,640,000 | £3,096,512 | £3,190,606 | £94,094 |
| Property Price € | €3,640,000 |
| Minimum cost in the last six months | £3,096,512 |
| Maximum cost in the last six months | £3,190,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £94,094 |
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 €3,640,000 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 |
|---|---|---|---|
| €3,640,000 | £3,096,512 | £3,190,606 | £94,094 |
| Property Price € | €3,640,000 |
| Minimum cost in the last six months | £3,096,512 |
| Maximum cost in the last six months | £3,190,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £94,094 |
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 £94,094 more.
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