Land, For Sale, Nicosia, Strovolos, Chryseleousa

Strovolos, Cyprus

For Sale

€350,000

REF: 910326 €350,000


Description

An excellent opportunity to acquire a well-sized residential plot of 581 sqm in the sought-after area of Strovolos, ideal for the development of a 3-storey apartment building. This property is perfect for investors or developers seeking a prime location in Nicosia. Key Features €¢ Development Potential: Suitable for the construction of a 3-storey residential building.

Existing old building on the plot requires demolition. €¢ Top Location: Located in Strovolos, one of Nicosia's most desirable areas. Within walking distance to Pedieos Linear Park, offering a serene environment. Close to banks, supermarkets, public and private schools, restaurants, and cafes.

Convenient access to Nicosia city center and the Nicosia-Limassol highway. €¢ Plot Characteristics: Size: 581 sqm. Zone: Residential zone Ka4. Building Density: 120%. Coverage Ratio: 50%. Height Allowance: 13.5 m (3 floors). €¢ Unobstructed Views: Facing a street, ensuring open and unobstructed views from future balconies.

Advantages - Special Features €¢ Exceptional location with proximity to all major amenities. €¢ Ideal for developing luxury apartments in a high-demand area. €¢ High investment potential due to the plot€™s prime position and Strovolos€™ prestige. Don€™t miss this unique opportunity to create a modern residential development in a prime Nicosia location. Contact us for more details or to schedule a viewing!
An excellent opportunity to acquire a well-sized residential plot of 581 sqm in the sought-after area of Strovolos, ideal for the development of a 3-storey apartment building. This property is perfect for investors or developers seeking a prime location in Nicosia. Key Features €¢ Development Potential: Suitable for the construction of a 3-storey residential building.

Existing old building on the plot requires demolition. €¢ Top Location: Located in Strovolos, one of Nicosia's most desirable areas. Within walking distance to Pedieos Linear Park, offering a serene environment. Close to banks, supermarkets, public and private schools, restaurants, and cafes.

Convenient access to Nicosia city center and the Nicosia-Limassol highway. €¢ Plot Characteristics: Size: 581 sqm. Zone: Residential zone Ka4. Building Density: 120%. Coverage Ratio: 50%. Height Allowance: 13.5 m (3 floors). €¢ Unobstructed Views: Facing a street, ensuring open and unobstructed views from future balconies.

Advantages - Special Features €¢ Exceptional location with proximity to all major amenities. €¢ Ideal for developing luxury apartments in a high-demand area. €¢ High investment potential due to the plot€™s prime position and Strovolos€™ prestige. Don€™t miss this unique opportunity to create a modern residential development in a prime Nicosia location. Contact us for more details or to schedule a viewing!
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Property on Map

#39058

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 €350,000 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
€350,000 £288,908 £303,839 £14,931
Property Price € €350,000
Minimum cost in the last six months £288,908
Maximum cost in the last six months £303,839
Fluctuating exchange rates over the last six months could have increased the cost of this property by £14,931

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 €350,000 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
€350,000 £288,908 £303,839 £14,931
Property Price € €350,000
Minimum cost in the last six months £288,908
Maximum cost in the last six months £303,839
Fluctuating exchange rates over the last six months could have increased the cost of this property by £14,931

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 £14,931 more.

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