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Commercial in Omonoias, Limassol
5694, Cyprus
REF: 998748
€10,500,000
Description
Reference ID: #SA36831Price details: 10,500,000 +VATAll permits are in place for this exceptional plot of development land, ready to be transformed into a state-of-the-art 12-story business center in Limassol's thriving business district.The strategic location provides easy access to a variety of amenities and transportation routes.Proximity to the largest marina, Limassol City Center, restaurants, and cafes ensures a dynamic and well-connected environment.Additionally, a 40-minute drive connects you to Paphos International Airport.The proposed development boasts a generous 3,960 sqm of office space spread across 9 floors.With approximately 440 sqm per floor, the layout caters to both large corporations and startups seeking a prime location.Convenience is paramount with 3 levels of underground parking offering a total of c. 120 spaces.The proposed development includes a public square with lush green areas, fostering a vibrant urban atmosphere.This commitment to eco-conscious design extends beyond the building itself, incorporating additional public green spaces and amenities throughout the development.Application for Building Permit for the Demolition of existing buildings on the land parcels, made on the 13/12/19 Demolition Building Permit received on the 4/2/20 Completion Certificate of Demolition received 21/4/21 Planning Permit for the Project submitted on the 22/2/21 Environmental Impact Assessment study completed and Submitted to the Authorities 9/4/21 Traffic Impact Assessment completed and submitted to the Authorities 9/4/21 Subsoil Investigation completed and submitted 23/4/21 Dewatering investigation completed and submitted 23/4/21 Subsoil water Analysis completed on 8/4/21PLANNING PERMIT issued on the 09/11/2022
Reference ID: #SA36831Price details: 10,500,000 +VATAll permits are in place for this exceptional plot of development land, ready to be transformed into a state-of-the-art 12-story business center in Limassol's thriving business district.The strategic location provides easy access to a variety of amenities and transportation routes.Proximity to the largest marina, Limassol City Center, restaurants, and cafes ensures a dynamic and well-connected environment.Additionally, a 40-minute drive connects you to Paphos International Airport.The proposed development boasts a generous 3,960 sqm of office space spread across 9 floors.With approximately 440 sqm per floor, the layout caters to both large corporations and startups seeking a prime location.Convenience is paramount with 3 levels of underground parking offering a total of c. 120 spaces.The proposed development includes a public square with lush green areas, fostering a vibrant urban atmosphere.This commitment to eco-conscious design extends beyond the building itself, incorporating additional public green spaces and amenities throughout the development.Application for Building Permit for the Demolition of existing buildings on the land parcels, made on the 13/12/19 Demolition Building Permit received on the 4/2/20 Completion Certificate of Demolition received 21/4/21 Planning Permit for the Project submitted on the 22/2/21 Environmental Impact Assessment study completed and Submitted to the Authorities 9/4/21 Traffic Impact Assessment completed and submitted to the Authorities 9/4/21 Subsoil Investigation completed and submitted 23/4/21 Dewatering investigation completed and submitted 23/4/21 Subsoil water Analysis completed on 8/4/21PLANNING PERMIT issued on the 09/11/2022
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Property on Map
Currency Exchange
5694, 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 €10,500,000 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 |
|---|---|---|---|
| €10,500,000 | £8,667,225 | £9,156,105 | £488,880 |
| Property Price € | €10,500,000 |
| Minimum cost in the last six months | £8,667,225 |
| Maximum cost in the last six months | £9,156,105 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £488,880 |
5694, 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 €10,500,000 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 |
|---|---|---|---|
| €10,500,000 | £8,667,225 | £9,156,105 | £488,880 |
| Property Price € | €10,500,000 |
| Minimum cost in the last six months | £8,667,225 |
| Maximum cost in the last six months | £9,156,105 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £488,880 |
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 £488,880 more.
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