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Building, For Sale, Famagusta, Agia Napa
Agia Napa, Cyprus
REF: 772331
€2,290,000
Description
Great investment opportunityin the Heart of AyiaNapa! A Family owned Hotel/Apartment in a prime location of the center of AyiaNapa! This Hotel consists of 13 one bedrooms, and 12 studios. The Hotel doeshas the licensedto buildanother floor, which it will create 10more studios and build a Club/Entertainment Center in the Basement. It is in a absolutely perfect location...walking distance to all amenities, and walking distanceto the beach. So the clients do not have to worry about renting a car. Your clients may also walk to the bus stop, that will transport themanywhere you want to go to in Cyprus. The Hotelhas been recentlyrenovated. The only areas that have not been renovated is the Reception Area, Pool Bar Area, and Restaurant. Perfect opportunity for the investor to add his or hers own style into the invest. As you can see from the last picture, plans where drownedup to make this hotel a very beautiful Boutique Hotel. So the right investor, with this great opportunity, absolutely can do so much with this property and hotel.
Great investment opportunityin the Heart of AyiaNapa! A Family owned Hotel/Apartment in a prime location of the center of AyiaNapa! This Hotel consists of 13 one bedrooms, and 12 studios. The Hotel doeshas the licensedto buildanother floor, which it will create 10more studios and build a Club/Entertainment Center in the Basement. It is in a absolutely perfect location...walking distance to all amenities, and walking distanceto the beach. So the clients do not have to worry about renting a car. Your clients may also walk to the bus stop, that will transport themanywhere you want to go to in Cyprus. The Hotelhas been recentlyrenovated. The only areas that have not been renovated is the Reception Area, Pool Bar Area, and Restaurant. Perfect opportunity for the investor to add his or hers own style into the invest. As you can see from the last picture, plans where drownedup to make this hotel a very beautiful Boutique Hotel. So the right investor, with this great opportunity, absolutely can do so much with this property and hotel.
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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 €2,290,000 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 |
|---|---|---|---|
| €2,290,000 | £1,948,080 | £2,007,277 | £59,197 |
| Property Price € | €2,290,000 |
| Minimum cost in the last six months | £1,948,080 |
| Maximum cost in the last six months | £2,007,277 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,197 |
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 €2,290,000 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 |
|---|---|---|---|
| €2,290,000 | £1,948,080 | £2,007,277 | £59,197 |
| Property Price € | €2,290,000 |
| Minimum cost in the last six months | £1,948,080 |
| Maximum cost in the last six months | £2,007,277 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,197 |
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 £59,197 more.
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