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Retail, For Sale, Paphos, Kato Paphos
Kato Paphos, Cyprus
REF: 985470
€1,250,000
Description
An excellent investment opportunity in the prime touristic area of Kato Paphos! This commercial property consists of 6 individual shops, each with a separate title deed. This project offers an impressive internal space of 300 m², spread across a basement and a ground floor, providing plenty of room to suit a variety of business uses. Built in 1992, this shop stands on a large plot, giving you extra flexibility and potential for future improvements or adjustments that meet your business goals. The shop is offered unfurnished, allowing you to create a layout that best fits your vision. Its wide frontage and clear, open spaces ensure maximum visibility and usability. Being close to local amenities, clients and staff alike will benefit from easy access to shops, cafes, public transportation, and parking. Kato Pafos is a vibrant area renowned for its blend of commercial activity and historical charm. The neighborhood boasts excellent foot traffic thanks to popular tourist attractions, hotels, and the picturesque harbor. Its strong infrastructure and lively atmosphere make it an ideal spot for a business looking to stand out.
An excellent investment opportunity in the prime touristic area of Kato Paphos! This commercial property consists of 6 individual shops, each with a separate title deed. This project offers an impressive internal space of 300 m², spread across a basement and a ground floor, providing plenty of room to suit a variety of business uses. Built in 1992, this shop stands on a large plot, giving you extra flexibility and potential for future improvements or adjustments that meet your business goals. The shop is offered unfurnished, allowing you to create a layout that best fits your vision. Its wide frontage and clear, open spaces ensure maximum visibility and usability. Being close to local amenities, clients and staff alike will benefit from easy access to shops, cafes, public transportation, and parking. Kato Pafos is a vibrant area renowned for its blend of commercial activity and historical charm. The neighborhood boasts excellent foot traffic thanks to popular tourist attractions, hotels, and the picturesque harbor. Its strong infrastructure and lively atmosphere make it an ideal spot for a business looking to stand out.
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Currency Exchange
Kato Paphos, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,031,813 | £1,085,113 | £53,300 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,031,813 |
| Maximum cost in the last six months | £1,085,113 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,300 |
Kato Paphos, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,031,813 | £1,085,113 | £53,300 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,031,813 |
| Maximum cost in the last six months | £1,085,113 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,300 |
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 £53,300 more.
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