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Retail, For Sale, Limassol, Historical Center
Historical Center, Cyprus
REF: 820605
€700,000
Description
Explore an exceptional business opportunity situated in the heart of Limassol's Old Town, right at the vibrant Old Market. This well-established business, operational since 2012, has cultivated a loyal customer base and is positioned at the epicenter of the city's nightlife scene. The premises boast charming stone walls and cozy lighting, creating an inviting atmosphere across the three interconnected shops. Spanning 200sq.m. of ground floor covered areas, the space features a spacious main area with a large bar, a smaller bar, a DJ booth, and comfortable seating areas. Additionally, there is a fully equipped kitchen, a food storage room, a drink storage room, and a walk-in fridge storage, ensuring smooth operations. Staff facilities include a toilet and separate facilities for male and female guests. Step outside to enjoy the beautifully decorated 80sq.m. outdoor area, perfect for alfresco dining or relaxing. At the rear, there is a dedicated shisha lounge, adding to the allure of the business. With a gross income of 400,000 EUR annually and a monthly rent of 2000 EUR, this business presents an excellent investment opportunity. Don't miss the chance to own a thriving establishment in one of Limassol's most coveted locations. Contact us today to seize this exciting opportunity!
Explore an exceptional business opportunity situated in the heart of Limassol's Old Town, right at the vibrant Old Market. This well-established business, operational since 2012, has cultivated a loyal customer base and is positioned at the epicenter of the city's nightlife scene. The premises boast charming stone walls and cozy lighting, creating an inviting atmosphere across the three interconnected shops. Spanning 200sq.m. of ground floor covered areas, the space features a spacious main area with a large bar, a smaller bar, a DJ booth, and comfortable seating areas. Additionally, there is a fully equipped kitchen, a food storage room, a drink storage room, and a walk-in fridge storage, ensuring smooth operations. Staff facilities include a toilet and separate facilities for male and female guests. Step outside to enjoy the beautifully decorated 80sq.m. outdoor area, perfect for alfresco dining or relaxing. At the rear, there is a dedicated shisha lounge, adding to the allure of the business. With a gross income of 400,000 EUR annually and a monthly rent of 2000 EUR, this business presents an excellent investment opportunity. Don't miss the chance to own a thriving establishment in one of Limassol's most coveted locations. Contact us today to seize this exciting opportunity!
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Currency Exchange
Historical Center, 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 €700,000 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 |
|---|---|---|---|
| €700,000 | £595,483 | £613,543 | £18,060 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £595,483 |
| Maximum cost in the last six months | £613,543 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,060 |
Historical Center, 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 €700,000 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 |
|---|---|---|---|
| €700,000 | £595,483 | £613,543 | £18,060 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £595,483 |
| Maximum cost in the last six months | £613,543 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,060 |
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 £18,060 more.
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