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Building, For Sale, Nicosia, Strovolos, Acropolis
Strovolos, Cyprus
REF: 770194
€800,000
Description
This is a 500sqm commercial building plus 300sqm basement, located in one of the most popular cross-roads of the capital.The building comprises from a ground-floor showroom, a mezzanine level, a basement and the 1st floor office space.The ground-floor of the building adds up to 207sqm, with 4 shops that have a total size of 184sqm and 23sqm of common areas for the building.The first floor is an office area of 162sqm, plus 25sqm verandas.The mezzanine level is 100sqm and the basement adds up to 300sqm with 9 parking spots.The building stands on an exceptional 394sqm corner plot, that falls into the Εβ2 commercial zone, with 180% building density, 50% coverage and 8 floor allowance.
This is a 500sqm commercial building plus 300sqm basement, located in one of the most popular cross-roads of the capital.The building comprises from a ground-floor showroom, a mezzanine level, a basement and the 1st floor office space.The ground-floor of the building adds up to 207sqm, with 4 shops that have a total size of 184sqm and 23sqm of common areas for the building.The first floor is an office area of 162sqm, plus 25sqm verandas.The mezzanine level is 100sqm and the basement adds up to 300sqm with 9 parking spots.The building stands on an exceptional 394sqm corner plot, that falls into the Εβ2 commercial zone, with 180% building density, 50% coverage and 8 floor allowance.
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Currency Exchange
Strovolos, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £659,120 | £694,472 | £35,352 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £659,120 |
| Maximum cost in the last six months | £694,472 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,352 |
Strovolos, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £659,120 | £694,472 | £35,352 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £659,120 |
| Maximum cost in the last six months | £694,472 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,352 |
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 £35,352 more.
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