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Residential in Souni-Zanakia, Limassol
5646, Cyprus
REF: 942433
€840,000
Description
Reference ID: #SA36069Price details: 840,000The property is an incomplete mixed-use building in Souni-Zanakia.Its northwestern part consists of 3 ground-floor shops and 3 first-floor apartments with an attic.The three ground floor shops are identical and have an internal area of 50sqm each. They all consist of an open-plan area and a toilet.The three first-floor apartments are identical, with an internal area of 50sqm each. They all consist of a hallway, a living room, a kitchen, one bedroom, and a toilet with a shower. They also all have an attic of about 10sqm, which is used as a room.Its southeastern part consists of a ground floor shop (restaurant) that also extends to the first floor of the building.The ground floor consists of an open plan main area, a bar, a kitchen, a storage room, five toilets and two set of staircases leading into the first floor. The first-floor level consists of an office space, a storage room, a changing room with a shower and a toilet, as well as a veranda of 85sqm. It has an internal area of 294sqm.There is also a basement area that serves as a parking space of 300sqm. Access to the basement is achieved via an internal staircase and an external ramp.Externally there is an incomplete pool, uncovered verandas, and a perimeter surrounding wall.The subject building has a total internal area of 624 sqm, uncovered verandas of 195sqm and the plot in which the building was erected has a land area of 3,040sqm.
Reference ID: #SA36069Price details: 840,000The property is an incomplete mixed-use building in Souni-Zanakia.Its northwestern part consists of 3 ground-floor shops and 3 first-floor apartments with an attic.The three ground floor shops are identical and have an internal area of 50sqm each. They all consist of an open-plan area and a toilet.The three first-floor apartments are identical, with an internal area of 50sqm each. They all consist of a hallway, a living room, a kitchen, one bedroom, and a toilet with a shower. They also all have an attic of about 10sqm, which is used as a room.Its southeastern part consists of a ground floor shop (restaurant) that also extends to the first floor of the building.The ground floor consists of an open plan main area, a bar, a kitchen, a storage room, five toilets and two set of staircases leading into the first floor. The first-floor level consists of an office space, a storage room, a changing room with a shower and a toilet, as well as a veranda of 85sqm. It has an internal area of 294sqm.There is also a basement area that serves as a parking space of 300sqm. Access to the basement is achieved via an internal staircase and an external ramp.Externally there is an incomplete pool, uncovered verandas, and a perimeter surrounding wall.The subject building has a total internal area of 624 sqm, uncovered verandas of 195sqm and the plot in which the building was erected has a land area of 3,040sqm.
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Currency Exchange
5646, 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 €840,000 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 |
|---|---|---|---|
| €840,000 | £693,378 | £729,196 | £35,818 |
| Property Price € | €840,000 |
| Minimum cost in the last six months | £693,378 |
| Maximum cost in the last six months | £729,196 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,818 |
5646, 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 €840,000 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 |
|---|---|---|---|
| €840,000 | £693,378 | £729,196 | £35,818 |
| Property Price € | €840,000 |
| Minimum cost in the last six months | £693,378 |
| Maximum cost in the last six months | £729,196 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,818 |
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 £35,818 more.
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