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Industrial in Zakaki, Limassol
5699, Cyprus
REF: 994891
€3,650,000
Description
Reference ID: #SA36768Price details: 3,650,000 +VATThe property is a share (26.91%) of an industrial field in Zakaki..The property is located 250m from the highway, close to the City of Dreams Mediterranean Casino Resort and My Mall Limassol.The field abuts the Limassol - Trachoni main road on its southern border with a frontage of 165m.The field has a total land area of 59,279sqm. The share corresponds to the under division plot no. 3 with an area of 15,951sqm. Upon the completion of all works, the plot will have a land area of 12,000sqm.Building and planning permits for the division of land in individual plots have been approved. The construction works have started.There is a signed distribution agreement.The property is located within the Ba4 BE2 urban planning zone.The Urban Zones Ba4 BE2 are designated as Mixed Zones for Category B Industrial Developments and Economic Activities. Economic Activities are defined as the operations of large, unified enterprises or groups of enterprises which, due to the scale of their operations, the type and size of the goods they produce or distribute, and/or other operational parameters, typically require a large plot area. In the case of such enterprises, the development of buildings will be permitted to accommodate their offices, as well as their production, exhibition, and storage spaces.The field is ideal for the development of:i. DIY storesii. production units of technologically advanced companies including officesiii. car or mechanical equipment showrooms including officesiv. logistic company facilities including officesThe area is served by all required utilities, i.e. water, electricity, and telephone. The wider area has been experiencing intense development in the recent years with investments in large-scale tourist and residential developments, as well as the creation of a golf course.
Reference ID: #SA36768Price details: 3,650,000 +VATThe property is a share (26.91%) of an industrial field in Zakaki..The property is located 250m from the highway, close to the City of Dreams Mediterranean Casino Resort and My Mall Limassol.The field abuts the Limassol - Trachoni main road on its southern border with a frontage of 165m.The field has a total land area of 59,279sqm. The share corresponds to the under division plot no. 3 with an area of 15,951sqm. Upon the completion of all works, the plot will have a land area of 12,000sqm.Building and planning permits for the division of land in individual plots have been approved. The construction works have started.There is a signed distribution agreement.The property is located within the Ba4 BE2 urban planning zone.The Urban Zones Ba4 BE2 are designated as Mixed Zones for Category B Industrial Developments and Economic Activities. Economic Activities are defined as the operations of large, unified enterprises or groups of enterprises which, due to the scale of their operations, the type and size of the goods they produce or distribute, and/or other operational parameters, typically require a large plot area. In the case of such enterprises, the development of buildings will be permitted to accommodate their offices, as well as their production, exhibition, and storage spaces.The field is ideal for the development of:i. DIY storesii. production units of technologically advanced companies including officesiii. car or mechanical equipment showrooms including officesiv. logistic company facilities including officesThe area is served by all required utilities, i.e. water, electricity, and telephone. The wider area has been experiencing intense development in the recent years with investments in large-scale tourist and residential developments, as well as the creation of a golf course.
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Currency Exchange
5699, 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 €3,650,000 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 |
|---|---|---|---|
| €3,650,000 | £3,012,893 | £3,168,529 | £155,636 |
| Property Price € | €3,650,000 |
| Minimum cost in the last six months | £3,012,893 |
| Maximum cost in the last six months | £3,168,529 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £155,636 |
5699, 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 €3,650,000 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 |
|---|---|---|---|
| €3,650,000 | £3,012,893 | £3,168,529 | £155,636 |
| Property Price € | €3,650,000 |
| Minimum cost in the last six months | £3,012,893 |
| Maximum cost in the last six months | £3,168,529 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £155,636 |
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 £155,636 more.
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