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Building, For Sale, Nicosia, Strovolos
Strovolos, Cyprus
REF: 770685
€8,000,000
Description
Location €¢ The building is located in the parish of Apostolos Varnavas Agios Makarios, in Strovolos, in Nicosia. €¢ The wider area of the property shows development with various properties, such as showrooms, warehouses and industrial buildings that gives prestige to the area. €¢ It is located very close to the Mall of Cyprus and next to AUDI, BMW and MINI showrooms. €¢ Within a short distance from the General Hospital and the Industrial area of Strovolos. €¢ Easy access to the Nicosia Limassol highway and the Spyrou Kyprianou Avenue. Good visibility from the Limassol highway. External Features €¢ The building has a rectangular shape with an extensive street frontage, which reaches approximately 110 meters. €¢ Externally, there is asphalt paving and parking places. Internal Characteristics €¢ Ground floor of 1650sqm: It consist of a reception area, exhibition, area, office areas, parts warehouse, workshop, car repair/maintenance area, car wash, toilets and verandas. €¢ Mezzanine of 750sqm: It consist of exhibition area, office spaces, shop, warehouse, server room and toilets. €¢ Basement of 2050sqm: It consists of parking space divides into 3 independent sections, spare parts warehouse, tire warehouse, individual warehouses, engine room, EAC substation and changing rooms with toilets. Advantages Special Features €¢ High level of building with good quality floors, false ceiling, central air conditioning /ventilation system, fire detection and fire safety/ fire extinguishing system, good quality partitions, exterior cladding of €œalucobond€™€™, surveillance system (CCTV), photovoltaic system, car lift etc.
Location €¢ The building is located in the parish of Apostolos Varnavas Agios Makarios, in Strovolos, in Nicosia. €¢ The wider area of the property shows development with various properties, such as showrooms, warehouses and industrial buildings that gives prestige to the area. €¢ It is located very close to the Mall of Cyprus and next to AUDI, BMW and MINI showrooms. €¢ Within a short distance from the General Hospital and the Industrial area of Strovolos. €¢ Easy access to the Nicosia Limassol highway and the Spyrou Kyprianou Avenue. Good visibility from the Limassol highway. External Features €¢ The building has a rectangular shape with an extensive street frontage, which reaches approximately 110 meters. €¢ Externally, there is asphalt paving and parking places. Internal Characteristics €¢ Ground floor of 1650sqm: It consist of a reception area, exhibition, area, office areas, parts warehouse, workshop, car repair/maintenance area, car wash, toilets and verandas. €¢ Mezzanine of 750sqm: It consist of exhibition area, office spaces, shop, warehouse, server room and toilets. €¢ Basement of 2050sqm: It consists of parking space divides into 3 independent sections, spare parts warehouse, tire warehouse, individual warehouses, engine room, EAC substation and changing rooms with toilets. Advantages Special Features €¢ High level of building with good quality floors, false ceiling, central air conditioning /ventilation system, fire detection and fire safety/ fire extinguishing system, good quality partitions, exterior cladding of €œalucobond€™€™, surveillance system (CCTV), photovoltaic system, car lift etc.
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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 €8,000,000 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 |
|---|---|---|---|
| €8,000,000 | £6,602,880 | £6,944,720 | £341,840 |
| Property Price € | €8,000,000 |
| Minimum cost in the last six months | £6,602,880 |
| Maximum cost in the last six months | £6,944,720 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £341,840 |
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 €8,000,000 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 |
|---|---|---|---|
| €8,000,000 | £6,602,880 | £6,944,720 | £341,840 |
| Property Price € | €8,000,000 |
| Minimum cost in the last six months | £6,602,880 |
| Maximum cost in the last six months | £6,944,720 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £341,840 |
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 £341,840 more.
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