Ref. No. 20986 Building

€495,000 No VAT
Aglantzia Nicosia
Building Commercial
262m² Covered
Sales Agent Stefanos Constantinou

Property Description

The property is a vacant restaurant spread over 2 units on the ground floor of ‘Doryforos Complex’ in Aglantzia on Larnacos Avenue.

It consists of a ground floor and mezzanine with total area of 174 sqm and 88 sqm respectively. The ground floor hosts the main restaurant seating area and the kitchen. The mezzanine consists of offices, a storage area and changing rooms and bathrooms on one side and customer toilets on the other side.

Parking is allowed in front of the property (roadside) as well as in a parking area in the rear (assigned parking spaces).

The property is licensed by Planning and Building Authorities (Change of Use) to be operated as a restaurant until 2019 and it has the full necessary mechanical designs and installations to be able to operate. 

It is located within a commercial zone of Aglantzia and it enjoys good accessibility to the surrounding areas. 

The property is part of a complex which houses a number of commercial units such as sizeable gym (Maxx), media services (Astra, Dialogos etc), ballet school, etc. 

The restaurant was fully renovated in 2012 and it is currently in good condition.

The property falls within the Commercial Planning Zone Εβ3 with a building density coefficient of 160% and a coverage coefficient of 50% over 6 floors and 24,00 metres height.

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.

Property Features

No VAT

Transfer Fees

€17,298
BUYING AS AN INDIVIDUAL
€16,400 Transfer fees + €898 Stamp Duty
€13,898
BUYING ON JOINT NAMES
€13,000 Transfer fees + €898 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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