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Industrial in Panthea, Limassol
5731, Cyprus
REF: 964122
€780,000
Description
Reference ID: #SA32830Price details: 780,000Share of land for sale, spanning 1,724 square meters, is strategically located in Panthea with convenient and easy access to the highway, just a short 5-minute drive away. One of its key advantages is its prime location without VAT, offering a cost-effective investment opportunity.The land falls under the category of "?O??F?" (Field) and is situated in the zoning area ??4(75%) ?a3(25%). The designated zone is classified as a "?????????? ?O?? ???. ?" (Industrial Zone Category B), emphasizing its suitability for industrial purposes.The permitted building specifications include a building density of 80%, allowing for substantial construction, and a coverage of 60%, ensuring a well-balanced land use. Additionally, the property allows for the construction of up to 2 floors, providing ample space for a multi-level industrial facility or offices.This industrial land presents a compelling opportunity for investors seeking a well-located and efficiently accessible property in Panthea, with the added benefit of a favorable VAT status. The combination of its generous size, strategic location, and permissible building specifications makes it an ideal choice for those looking to establish or expand their industrial operations.
Reference ID: #SA32830Price details: 780,000Share of land for sale, spanning 1,724 square meters, is strategically located in Panthea with convenient and easy access to the highway, just a short 5-minute drive away. One of its key advantages is its prime location without VAT, offering a cost-effective investment opportunity.The land falls under the category of "?O??F?" (Field) and is situated in the zoning area ??4(75%) ?a3(25%). The designated zone is classified as a "?????????? ?O?? ???. ?" (Industrial Zone Category B), emphasizing its suitability for industrial purposes.The permitted building specifications include a building density of 80%, allowing for substantial construction, and a coverage of 60%, ensuring a well-balanced land use. Additionally, the property allows for the construction of up to 2 floors, providing ample space for a multi-level industrial facility or offices.This industrial land presents a compelling opportunity for investors seeking a well-located and efficiently accessible property in Panthea, with the added benefit of a favorable VAT status. The combination of its generous size, strategic location, and permissible building specifications makes it an ideal choice for those looking to establish or expand their industrial operations.
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Currency Exchange
5731, 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 €780,000 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 |
|---|---|---|---|
| €780,000 | £643,851 | £682,750 | £38,899 |
| Property Price € | €780,000 |
| Minimum cost in the last six months | £643,851 |
| Maximum cost in the last six months | £682,750 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,899 |
5731, 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 €780,000 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 |
|---|---|---|---|
| €780,000 | £643,851 | £682,750 | £38,899 |
| Property Price € | €780,000 |
| Minimum cost in the last six months | £643,851 |
| Maximum cost in the last six months | £682,750 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,899 |
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 £38,899 more.
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