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Retail, For Sale, Larnaca, Finikoudes
Finikoudes, Cyprus
REF: 766029
€135,000
Description
Unique opportunity is available to run your own business in the heart of Larnaca. The property is located in the center of Larnaca, 5 minutes walk to the famous Finikouldies beach. The property consists of a Bar and restaurant on the ground floor, surrounded by gorgeous trees for privacy and ambience, there is a commercial kitchen and an office also on the ground floor. There is a street entrance to the restaurant/bar and a separate entrance for the accommodation. There is 5 guest rooms on the upper floor each rooms has its own bathroom and are fitted with Air conditioners, there is also a communal sitting area off the guest rooms that has an outdoor stair case leading to the restaurant. Definitely a great investment opportunity and the location is superb. Please note it is a lease hold business, the monthly rent is approximately 1800 For more information or viewing please contact Sandi
Unique opportunity is available to run your own business in the heart of Larnaca. The property is located in the center of Larnaca, 5 minutes walk to the famous Finikouldies beach. The property consists of a Bar and restaurant on the ground floor, surrounded by gorgeous trees for privacy and ambience, there is a commercial kitchen and an office also on the ground floor. There is a street entrance to the restaurant/bar and a separate entrance for the accommodation. There is 5 guest rooms on the upper floor each rooms has its own bathroom and are fitted with Air conditioners, there is also a communal sitting area off the guest rooms that has an outdoor stair case leading to the restaurant. Definitely a great investment opportunity and the location is superb. Please note it is a lease hold business, the monthly rent is approximately 1800 For more information or viewing please contact Sandi
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Currency Exchange
Finikoudes, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £114,843 | £118,333 | £3,490 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £114,843 |
| Maximum cost in the last six months | £118,333 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,490 |
Finikoudes, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £114,843 | £118,333 | £3,490 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £114,843 |
| Maximum cost in the last six months | £118,333 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,490 |
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 £3,490 more.
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