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Commercial in Strovolos, Nicosia
5709, Cyprus
REF: 957343
€7,500,000
Description
Reference ID: #SA36296Price details: 7,500,000 +VATThis exceptional large-scale parcel which comprises of 5 mixed use abutting parcels (3 plots and 2 fields), in Apostolos Varnavas & Agios Makarios quarter, in Strovolos Municipality of Nicosia District.This unique large-scale parcel of land is strategically positioned at the main entrance of Nicosia, offering unparalleled visibility and accessibility. The property is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, the property has excellent access to the motorway and the center of the municipality.As a single unit, It has a regular shape and a relatively even surface. The has a corner position, it will be part of cul-de-sac with a pedestrian walkway and abuts 3 public registered roads with a total frontage of approximately 235 meters.The property presents an outstanding opportunity for both commercial and residential development. It has a base buildable area of 6,800 sqm, and the potential to expand up to 8,500 sqm through available incentives, the site offers remarkable flexibility for a variety of high-value projects.Whether envisioned as a modern mixed-use complex, a landmark commercial hub, or an upscale residential development, this property s strategic location, generous dimensions, and substantial development potential make it one of the most attractive investment opportunities in Nicosia s thriving real estate market.The properties fall within the Commercial Zone E 3 (Activity axis I), having a building density of 160% and within the Residential Zone ?a4, having a building density of 120%.The properties are sold as a single unit with total area of 6.048 sqm
Reference ID: #SA36296Price details: 7,500,000 +VATThis exceptional large-scale parcel which comprises of 5 mixed use abutting parcels (3 plots and 2 fields), in Apostolos Varnavas & Agios Makarios quarter, in Strovolos Municipality of Nicosia District.This unique large-scale parcel of land is strategically positioned at the main entrance of Nicosia, offering unparalleled visibility and accessibility. The property is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, the property has excellent access to the motorway and the center of the municipality.As a single unit, It has a regular shape and a relatively even surface. The has a corner position, it will be part of cul-de-sac with a pedestrian walkway and abuts 3 public registered roads with a total frontage of approximately 235 meters.The property presents an outstanding opportunity for both commercial and residential development. It has a base buildable area of 6,800 sqm, and the potential to expand up to 8,500 sqm through available incentives, the site offers remarkable flexibility for a variety of high-value projects.Whether envisioned as a modern mixed-use complex, a landmark commercial hub, or an upscale residential development, this property s strategic location, generous dimensions, and substantial development potential make it one of the most attractive investment opportunities in Nicosia s thriving real estate market.The properties fall within the Commercial Zone E 3 (Activity axis I), having a building density of 160% and within the Residential Zone ?a4, having a building density of 120%.The properties are sold as a single unit with total area of 6.048 sqm
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Currency Exchange
5709, 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 €7,500,000 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 |
|---|---|---|---|
| €7,500,000 | £6,190,200 | £6,510,675 | £320,475 |
| Property Price € | €7,500,000 |
| Minimum cost in the last six months | £6,190,200 |
| Maximum cost in the last six months | £6,510,675 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £320,475 |
5709, 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 €7,500,000 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 |
|---|---|---|---|
| €7,500,000 | £6,190,200 | £6,510,675 | £320,475 |
| Property Price € | €7,500,000 |
| Minimum cost in the last six months | £6,190,200 |
| Maximum cost in the last six months | £6,510,675 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £320,475 |
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 £320,475 more.
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