Ref. No. 21006 Building

€522,500 No VAT
Nicosia Town Nicosia
Building Commercial
992m² Covered
318m² Plot
Sales Agent Gareth Ronweil

Property Description

This property is commercial building in Agios Savvas, within the walls of Nicosia.

The property is adjacent to Aristidou and Thrakis Streets, c. 260m east of Ledras street, c. 100m northwest of ‘OXI’ roundabout and c. 300m northeast of Eleftherias Square.

The property comprises of:
-Three shops on the ground floor with a total area of 297sqm.
-An office of 285sqm on the first floor.
-An office of 248sqm on the second floor.
-An incomplete third floor of 162sqm.

Access to the floors is provided via a staircase, while there is also a commercial elevator connecting the ground floor with the second floor office.

The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.

The property falls within commercial planning zone ΠΕΖ-Εντός, with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

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

€18,453
BUYING AS AN INDIVIDUAL
€17,500 Transfer fees + €953 Stamp Duty
€15,053
BUYING ON JOINT NAMES
€14,100 Transfer fees + €953 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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