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Building, For Sale, Nicosia, Nicosia Center
Nicosia Center, Cyprus
REF: 767971
€3,900,000
Description
Location - It is located on Makarios Avenue, which is one of the main arteries of Nicosia. - It is 200 meters south of the intersection of Makariou III Avenue with Spyros Kyprianou and Digeni Akrita Avenues. (Traffic lights in front of the Lycavitos Police Station). External Features - Building of 9 floors, initially built in 1975 and renovated several times since. - It consist of 2 shops on the ground floor and apartments on the upper floors. - The external eastern section consists of 15 uncovered parking spaces and 1 covered. Internal Characteristics - Ground floor Façade: The front part of the ground floor consists of an open plan exhibition space and is used as open plan sales area for clothing, with a small kitchenette and sanitary area and a small mezzanine, which is used as a storage area. It was renovated about 6 years ago. It has ceramic floors and the ceiling is covered with a false ceiling. - Ground floor South Section: The entrance of the building is located here, which consist of a reception area, 2 lifts, an internal staircase leading to the upper floors and 1 bedroom apartment on a raised level. The floors and masonry in the entrance area are covered with fairly good quality marble. - 1st floor: It consist of 2 2-bedroom apartments. Each one consists of living room, open plan dining room and kitchen, 2 bathrooms with toilet, 2 bedrooms, covered and uncovered verandas. They have parquet or mosaic marble floors. - 2nd floor - 7th floor: It consists of 24 1-bedroom apartments. Each one consists of a living room, open plan dining room, kitchen, bathroom or shower room with toilet, 1 bedroom, covered and uncovered verandas. 8th floor: It consists of 1 big whole-floor apartment, with a living room and open plan dining room, kitchen with a rough dining area, maids room with a shower and a toilet, a bathroom, 3 bedrooms with the main one en-suite, covered and uncovered verandas. Advantages - Special Features - In the heart of the Commercial center of Nicosia, with large modern multi-storey building complexes with shops or exhibition spaces on the ground floor and offices or apartments on the upper floors. - Easy access to the Nicosia Limassol highway. - Near to many amenities and services. - Title deeds available for all the units.
Location - It is located on Makarios Avenue, which is one of the main arteries of Nicosia. - It is 200 meters south of the intersection of Makariou III Avenue with Spyros Kyprianou and Digeni Akrita Avenues. (Traffic lights in front of the Lycavitos Police Station). External Features - Building of 9 floors, initially built in 1975 and renovated several times since. - It consist of 2 shops on the ground floor and apartments on the upper floors. - The external eastern section consists of 15 uncovered parking spaces and 1 covered. Internal Characteristics - Ground floor Façade: The front part of the ground floor consists of an open plan exhibition space and is used as open plan sales area for clothing, with a small kitchenette and sanitary area and a small mezzanine, which is used as a storage area. It was renovated about 6 years ago. It has ceramic floors and the ceiling is covered with a false ceiling. - Ground floor South Section: The entrance of the building is located here, which consist of a reception area, 2 lifts, an internal staircase leading to the upper floors and 1 bedroom apartment on a raised level. The floors and masonry in the entrance area are covered with fairly good quality marble. - 1st floor: It consist of 2 2-bedroom apartments. Each one consists of living room, open plan dining room and kitchen, 2 bathrooms with toilet, 2 bedrooms, covered and uncovered verandas. They have parquet or mosaic marble floors. - 2nd floor - 7th floor: It consists of 24 1-bedroom apartments. Each one consists of a living room, open plan dining room, kitchen, bathroom or shower room with toilet, 1 bedroom, covered and uncovered verandas. 8th floor: It consists of 1 big whole-floor apartment, with a living room and open plan dining room, kitchen with a rough dining area, maids room with a shower and a toilet, a bathroom, 3 bedrooms with the main one en-suite, covered and uncovered verandas. Advantages - Special Features - In the heart of the Commercial center of Nicosia, with large modern multi-storey building complexes with shops or exhibition spaces on the ground floor and offices or apartments on the upper floors. - Easy access to the Nicosia Limassol highway. - Near to many amenities and services. - Title deeds available for all the units.
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Currency Exchange
Nicosia Center, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,213,210 | £3,385,551 | £172,341 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,213,210 |
| Maximum cost in the last six months | £3,385,551 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £172,341 |
Nicosia Center, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,213,210 | £3,385,551 | £172,341 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,213,210 |
| Maximum cost in the last six months | £3,385,551 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £172,341 |
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 £172,341 more.
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