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Land, For Sale, Nicosia, Strovolos, Ap
Strovolos, Cyprus
REF: 770352
€1,100,000
Description
Location €¢ Excellent location, within walking distance from Kalispera traffic lights. €¢ The property is located near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Property Characteristics €¢ As a unified plot, it has huge potential to be developed to a high-rise commercial/residential building, subject to acquiring the relevant permits €¢ It falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance. €¢ The property concerns two adjoining plots of land extending to about 1,125sqm in total and with a house constructed within each. €¢ The properties are rectangularly shaped with a flat surface and a wide road frontage via two registered roads. €¢ Asset (A) contains a two-storey house. €¢ Asset (B) contains a two-storey building that consists of a ground floor house and an additional house on the first floor which is incomplete. €¢ The property is situated near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Advantages - Special Features €¢ Large plot in an excellent location, surrounded with all amenities, with easy access to Nicosia city centre, minutes away from the Nicosia - Limassol highway.
Location €¢ Excellent location, within walking distance from Kalispera traffic lights. €¢ The property is located near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Property Characteristics €¢ As a unified plot, it has huge potential to be developed to a high-rise commercial/residential building, subject to acquiring the relevant permits €¢ It falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance. €¢ The property concerns two adjoining plots of land extending to about 1,125sqm in total and with a house constructed within each. €¢ The properties are rectangularly shaped with a flat surface and a wide road frontage via two registered roads. €¢ Asset (A) contains a two-storey house. €¢ Asset (B) contains a two-storey building that consists of a ground floor house and an additional house on the first floor which is incomplete. €¢ The property is situated near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Advantages - Special Features €¢ Large plot in an excellent location, surrounded with all amenities, with easy access to Nicosia city centre, minutes away from the Nicosia - Limassol highway.
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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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £906,290 | £954,899 | £48,609 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £954,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,609 |
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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £906,290 | £954,899 | £48,609 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £954,899 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £48,609 |
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 £48,609 more.
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