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Building, For Sale, Nicosia, Geri
Geri, Cyprus
REF: 865350
€370,000
Description
Prime Location €¢ Central & Lively Area: Ideal for both commercial and residential use, the property is nestled in a vibrant area with a variety of amenities within walking distance. €¢ Convenient Access: Close to shops, supermarkets, banks, schools, and more, providing excellent access to neighboring municipalities and communities. €¢ Proximity to Key Landmarks: Within walking distance to the "A" Primary School of Geri and Agios Minas Church. External Features €¢ Corner Location: Enhances visibility and accessibility. €¢ Recently Renovated: Although approximately 45 years old, the building has undergone recent renovations, ensuring modern functionality and appeal. Internal Characteristics €¢ Ground Floor: o Commercial Space: The ground floor hosts a versatile shop/private institute.  Layout: Includes a reception area, sitting area, kitchenette, toilets, storage, and four learning rooms.  Size: Approximate internal area of 163 sqm. o Covered Parking: Convenient parking space for tenants and customers. €¢ Upper Floor: o Residential Apartment: Spacious and well-designed for comfortable living.  Layout: Features an open plan sitting/dining area, kitchen, guest toilet, main bathroom, and three bedrooms (including a master bedroom with an en-suite shower).  Size: Approximate internal area of 176 sqm, plus an additional 43 sqm of covered verandas. Advantages & Special Features €¢ Investment Potential: The shop is currently rented at ‚650/month, providing immediate rental income. The upper-floor apartment is vacant and ready for occupation or further rental opportunities. €¢ This mixed-use building combines prime location, modern amenities, and a blend of commercial and residential spaces, making it an ideal investment opportunity in Geri Municipality, Nicosia. €¢ Accessibility: Easy access to Nicosia city center enhances the appeal for both tenants and owners.
Prime Location €¢ Central & Lively Area: Ideal for both commercial and residential use, the property is nestled in a vibrant area with a variety of amenities within walking distance. €¢ Convenient Access: Close to shops, supermarkets, banks, schools, and more, providing excellent access to neighboring municipalities and communities. €¢ Proximity to Key Landmarks: Within walking distance to the "A" Primary School of Geri and Agios Minas Church. External Features €¢ Corner Location: Enhances visibility and accessibility. €¢ Recently Renovated: Although approximately 45 years old, the building has undergone recent renovations, ensuring modern functionality and appeal. Internal Characteristics €¢ Ground Floor: o Commercial Space: The ground floor hosts a versatile shop/private institute.  Layout: Includes a reception area, sitting area, kitchenette, toilets, storage, and four learning rooms.  Size: Approximate internal area of 163 sqm. o Covered Parking: Convenient parking space for tenants and customers. €¢ Upper Floor: o Residential Apartment: Spacious and well-designed for comfortable living.  Layout: Features an open plan sitting/dining area, kitchen, guest toilet, main bathroom, and three bedrooms (including a master bedroom with an en-suite shower).  Size: Approximate internal area of 176 sqm, plus an additional 43 sqm of covered verandas. Advantages & Special Features €¢ Investment Potential: The shop is currently rented at ‚650/month, providing immediate rental income. The upper-floor apartment is vacant and ready for occupation or further rental opportunities. €¢ This mixed-use building combines prime location, modern amenities, and a blend of commercial and residential spaces, making it an ideal investment opportunity in Geri Municipality, Nicosia. €¢ Accessibility: Easy access to Nicosia city center enhances the appeal for both tenants and owners.
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Currency Exchange
Geri, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £321,193 | £15,777 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £321,193 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,777 |
Geri, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £321,193 | £15,777 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £321,193 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,777 |
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 £15,777 more.
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