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Building, For Sale, Limassol, Erimi
Erimi, Cyprus
REF: 997475
€500,000
Description
For sale: A spacious commercial building located on the ground floor in the popular area of Erimi. This resale property offers a generous internal space of 126 m², ideal for a variety of business uses. The building is set on a large plot, providing extra outdoor space that can be used for parking or further development. Offering beautiful country and sea views, this property combines practicality with a peaceful setting. The building is unfurnished, ready for you to design according to your business needs, and comes equipped with a central AC system to ensure comfort throughout the year. Erimi is a well-known residential and commercial area known for its relaxed lifestyle. It is close to major highways for easy access and offers a range of amenities such as shops, cafes, and services. The area is appreciated for its open green spaces and proximity to the sea, making it attractive for both locals and visitors. This property, built in 1982, is a rare opportunity for investment or for developing your own business headquarters.
For sale: A spacious commercial building located on the ground floor in the popular area of Erimi. This resale property offers a generous internal space of 126 m², ideal for a variety of business uses. The building is set on a large plot, providing extra outdoor space that can be used for parking or further development. Offering beautiful country and sea views, this property combines practicality with a peaceful setting. The building is unfurnished, ready for you to design according to your business needs, and comes equipped with a central AC system to ensure comfort throughout the year. Erimi is a well-known residential and commercial area known for its relaxed lifestyle. It is close to major highways for easy access and offers a range of amenities such as shops, cafes, and services. The area is appreciated for its open green spaces and proximity to the sea, making it attractive for both locals and visitors. This property, built in 1982, is a rare opportunity for investment or for developing your own business headquarters.
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Currency Exchange
Erimi, 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 €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 |
|---|---|---|---|
| €500,000 | £412,725 | £437,660 | £24,935 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,725 |
| Maximum cost in the last six months | £437,660 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,935 |
Erimi, 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 €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 |
|---|---|---|---|
| €500,000 | £412,725 | £437,660 | £24,935 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,725 |
| Maximum cost in the last six months | £437,660 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,935 |
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 £24,935 more.
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