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Land, For Sale, Nicosia, Latsia, Agios Georgios
Latsia, Cyprus
REF: 940914
€1,500,000
Description
Special promotional reduced prices. Prices are firm and final and only offers at these fixed levels will be accepted. Asking Price: ‚2.065.000 - Promotion Price: ‚1.500.000 Terms and conditions apply. Location - This sizeable field is ideally positioned near GSP Stadium in Latsia, offering proximity to a wide range of amenities and services. Major retail destinations such as the Mall of Cyprus, Super Home Center, IKEA, and Leroy Merlin are just minutes away, along with several well-known supermarkets, schools, banks, and more. The Nicosia General Hospital is only a short drive away, ensuring easy access to healthcare facilities. The property also benefits from quick and effortless connectivity to Nicosia€™s city center and the B1 motorway, providing seamless access to other cities, ports, and airports. Land Characteristics €¢ Total area: 11,288 sqm €¢ Dual zoning classification: o 7,563 sqm in the EX2 special development zone o 3,725 sqm in the Γα4 agricultural zone €¢ Road frontage: Approximately 160 meters along a registered road €¢ Topography: Smooth sloping surface €¢ Utility services: Potential access to water, electricity, and telecommunications The immediate area consists of mid-to-high specification detached houses, apartment buildings, and unutilized land, while the wider surroundings are primarily characterized by industrial developments. Zoning & Development Potential €¢ EX2 (Special Development Zone) o 80% building density o 45% coverage o Maximum 2 floors / 10m height €¢ Γα4 (Agricultural Zone) o 10% building density o 10% coverage o Maximum 2 floors / 7m height Advantages & Special Features €¢ Exceptional investment opportunity for land development organizations €¢ Prime location with excellent accessibility €¢ Versatile zoning, offering multiple development possibilities This premium field presents an outstanding opportunity for investors and developers looking to capitalize on a strategic location in Nicosia.
Special promotional reduced prices. Prices are firm and final and only offers at these fixed levels will be accepted. Asking Price: ‚2.065.000 - Promotion Price: ‚1.500.000 Terms and conditions apply. Location - This sizeable field is ideally positioned near GSP Stadium in Latsia, offering proximity to a wide range of amenities and services. Major retail destinations such as the Mall of Cyprus, Super Home Center, IKEA, and Leroy Merlin are just minutes away, along with several well-known supermarkets, schools, banks, and more. The Nicosia General Hospital is only a short drive away, ensuring easy access to healthcare facilities. The property also benefits from quick and effortless connectivity to Nicosia€™s city center and the B1 motorway, providing seamless access to other cities, ports, and airports. Land Characteristics €¢ Total area: 11,288 sqm €¢ Dual zoning classification: o 7,563 sqm in the EX2 special development zone o 3,725 sqm in the Γα4 agricultural zone €¢ Road frontage: Approximately 160 meters along a registered road €¢ Topography: Smooth sloping surface €¢ Utility services: Potential access to water, electricity, and telecommunications The immediate area consists of mid-to-high specification detached houses, apartment buildings, and unutilized land, while the wider surroundings are primarily characterized by industrial developments. Zoning & Development Potential €¢ EX2 (Special Development Zone) o 80% building density o 45% coverage o Maximum 2 floors / 10m height €¢ Γα4 (Agricultural Zone) o 10% building density o 10% coverage o Maximum 2 floors / 7m height Advantages & Special Features €¢ Exceptional investment opportunity for land development organizations €¢ Prime location with excellent accessibility €¢ Versatile zoning, offering multiple development possibilities This premium field presents an outstanding opportunity for investors and developers looking to capitalize on a strategic location in Nicosia.
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Currency Exchange
Latsia, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,302,135 | £66,285 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £66,285 |
Latsia, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,302,135 | £66,285 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £66,285 |
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 £66,285 more.
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