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Building, For Sale, Nicosia, Strovolos
Strovolos, Cyprus
REF: 857961
€2,900,000
Description
Location €¢ Prime Position: 4-story commercial building situated in a high-visibility area of Strovolos. €¢ Thriving Vicinity: Surrounded by bustling businesses, retail outlets, and essential amenities and services. External Features €¢ Well-Designed Structure: A robust building with a versatile layout suitable for various commercial uses, such as retail shops, offices, and service centers. €¢ Renovation Potential: The building is in need of renovation, offering a great opportunity for customization and upgrades. Areas €¢ Ground Floor: o Showroom area: 351 sq.m. €¢ Mezzanine: o Showroom area: 160 sq.m. o Includes a kitchen area, a w/c, and a maid's room. €¢ 1st Floor: o Showroom area: 311 sq.m. €¢ 2nd Floor: o Showroom area: 311 sq.m. Key Features €¢ Total Floors: 4 (Ground floor with mezzanine + 2 upper floors). €¢ Elevators: Equipped with elevators for 12 persons. €¢ Basement: 593 sq.m. dedicated to parking and storage. €¢ Plot size 855sq.m €¢ Was built in 2000 Advantages - Special Features €¢ Investment Opportunity: o Prime Location: Centrally located in a commercial district with high foot traffic and easy access to public transport and the highway. o Versatile Space: Flexible layout suitable for a wide range of commercial tenants. o Store areas o Parking Facilities: Dedicated parking space in Basement -1 enhances tenant appeal.
Location €¢ Prime Position: 4-story commercial building situated in a high-visibility area of Strovolos. €¢ Thriving Vicinity: Surrounded by bustling businesses, retail outlets, and essential amenities and services. External Features €¢ Well-Designed Structure: A robust building with a versatile layout suitable for various commercial uses, such as retail shops, offices, and service centers. €¢ Renovation Potential: The building is in need of renovation, offering a great opportunity for customization and upgrades. Areas €¢ Ground Floor: o Showroom area: 351 sq.m. €¢ Mezzanine: o Showroom area: 160 sq.m. o Includes a kitchen area, a w/c, and a maid's room. €¢ 1st Floor: o Showroom area: 311 sq.m. €¢ 2nd Floor: o Showroom area: 311 sq.m. Key Features €¢ Total Floors: 4 (Ground floor with mezzanine + 2 upper floors). €¢ Elevators: Equipped with elevators for 12 persons. €¢ Basement: 593 sq.m. dedicated to parking and storage. €¢ Plot size 855sq.m €¢ Was built in 2000 Advantages - Special Features €¢ Investment Opportunity: o Prime Location: Centrally located in a commercial district with high foot traffic and easy access to public transport and the highway. o Versatile Space: Flexible layout suitable for a wide range of commercial tenants. o Store areas o Parking Facilities: Dedicated parking space in Basement -1 enhances tenant appeal.
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Property on Map
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 €2,900,000 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 |
|---|---|---|---|
| €2,900,000 | £2,393,544 | £2,517,461 | £123,917 |
| Property Price € | €2,900,000 |
| Minimum cost in the last six months | £2,393,544 |
| Maximum cost in the last six months | £2,517,461 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,917 |
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 €2,900,000 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 |
|---|---|---|---|
| €2,900,000 | £2,393,544 | £2,517,461 | £123,917 |
| Property Price € | €2,900,000 |
| Minimum cost in the last six months | £2,393,544 |
| Maximum cost in the last six months | £2,517,461 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,917 |
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 £123,917 more.
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