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Building, For Sale, Famagusta, Agia Napa
Agia Napa, Cyprus
REF: 768861
€3,600,000
Description
This renovated 2 Star Hotel is located in a prime location in Ayia Napa. It's located very near the Nissi Beach area. The Hotel has 23 rooms plus 5 apartments that belong to the hotel's facilities. Its has 3 types of rooms with 3 different bed sizes. The plot's dimensions is 1307 sq. meters. It has permission for another floor on top that has the ability of building another 22 rooms. It also has a basement area with gym, sauna,massage room as well as store room. The hotel has facilities such as a restaurant, bar, pool, pool bar, kitchen. All the amenities are very close. The hotel provides relaxing and peaceful times for everyone. Great for short term or other type of investment in Ayia Napa since the area is rapidly being developed due to the new Marina and other hotels. The hotel is already fully booked for the season and has a very good return of income. With title deeds. Price negotiable!!
This renovated 2 Star Hotel is located in a prime location in Ayia Napa. It's located very near the Nissi Beach area. The Hotel has 23 rooms plus 5 apartments that belong to the hotel's facilities. Its has 3 types of rooms with 3 different bed sizes. The plot's dimensions is 1307 sq. meters. It has permission for another floor on top that has the ability of building another 22 rooms. It also has a basement area with gym, sauna,massage room as well as store room. The hotel has facilities such as a restaurant, bar, pool, pool bar, kitchen. All the amenities are very close. The hotel provides relaxing and peaceful times for everyone. Great for short term or other type of investment in Ayia Napa since the area is rapidly being developed due to the new Marina and other hotels. The hotel is already fully booked for the season and has a very good return of income. With title deeds. Price negotiable!!
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Currency Exchange
Agia Napa, 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 €3,600,000 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 |
|---|---|---|---|
| €3,600,000 | £3,062,484 | £3,155,544 | £93,060 |
| Property Price € | €3,600,000 |
| Minimum cost in the last six months | £3,062,484 |
| Maximum cost in the last six months | £3,155,544 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £93,060 |
Agia Napa, 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 €3,600,000 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 |
|---|---|---|---|
| €3,600,000 | £3,062,484 | £3,155,544 | £93,060 |
| Property Price € | €3,600,000 |
| Minimum cost in the last six months | £3,062,484 |
| Maximum cost in the last six months | £3,155,544 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £93,060 |
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 £93,060 more.
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