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Building, For Sale, Nicosia, Nicosia Center, Agioi Omologites
Nicosia Center, Cyprus
REF: 880326
€13,750,000
Description
Location: €¢ Centrally located in a high-traffic commercial area in Nicosia city center. External Features: €¢ Impressive and modern building with a striking architectural design. Building Characteristics: €¢ Office Space: Eight levels of premium office space, totaling approximately 3,354 sqm. o Includes reception areas, offices, conference rooms, kitchenettes, and toilets. o Fully leased to Class A tenants., €¢ Retail Space: Two ground-level shops with mezzanines, covering approximately 685 sqm. €¢ Parking and Storage: Three basement levels totaling approximately 3,105 sqm. o 85 parking spaces and additional storage areas. €¢ Surrounding Area: The immediate vicinity consists of commercial developments such as office buildings, showrooms, and mixed-use commercial and residential buildings. Advantages - Special Features €¢ Prime commercial location in the heart of Nicosia's business district. €¢ The property is fully leased, generating immediate income.
Location: €¢ Centrally located in a high-traffic commercial area in Nicosia city center. External Features: €¢ Impressive and modern building with a striking architectural design. Building Characteristics: €¢ Office Space: Eight levels of premium office space, totaling approximately 3,354 sqm. o Includes reception areas, offices, conference rooms, kitchenettes, and toilets. o Fully leased to Class A tenants., €¢ Retail Space: Two ground-level shops with mezzanines, covering approximately 685 sqm. €¢ Parking and Storage: Three basement levels totaling approximately 3,105 sqm. o 85 parking spaces and additional storage areas. €¢ Surrounding Area: The immediate vicinity consists of commercial developments such as office buildings, showrooms, and mixed-use commercial and residential buildings. Advantages - Special Features €¢ Prime commercial location in the heart of Nicosia's business district. €¢ The property is fully leased, generating immediate income.
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Currency Exchange
Nicosia 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 €13,750,000 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 |
|---|---|---|---|
| €13,750,000 | £11,349,938 | £11,948,613 | £598,675 |
| Property Price € | €13,750,000 |
| Minimum cost in the last six months | £11,349,938 |
| Maximum cost in the last six months | £11,948,613 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £598,675 |
Nicosia 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 €13,750,000 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 |
|---|---|---|---|
| €13,750,000 | £11,349,938 | £11,948,613 | £598,675 |
| Property Price € | €13,750,000 |
| Minimum cost in the last six months | £11,349,938 |
| Maximum cost in the last six months | £11,948,613 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £598,675 |
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 £598,675 more.
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