Ref. No. 21842 Building

€1,279,500 No VAT
Nicosia Town Nicosia
Building Commercial
2283m² Covered
1505m² Plot
Sales Agent Stefanos Constantinou

Property Description

This property is a commercial building formerly used as a supermarket in Kaimakli, Nicosia.

The property is located on the corner of Agiou Ilarionos Avenue and Eleni Sofocleous Street, c. 425m southeast of “BATA” roundabout and c. 1,3km north of “SOPAZ” roundabout.

The property comprises of a ground floor of c. 760sqm with a mezzanine of c. 630sqm, the first floor of 474sqm and a basement of c. 418sqm. The building is served by two elevators. Additional storage space has been erected at the side of the building.

The immediate area of the property is a well developed industrial area comprising of warehouses, factories and showrooms. Agiou Ilarionos Avenue is a high traffic road which provides easy access to the neighbouring areas.

The property falls within two planning zones:

-62% of the property falls into Βα3, with building density coefficient of 100%, coverage coefficient 60%, in 2 floors

-38% of the property falls into Δα3, with building density coefficient of 5%, coverage coefficient 5%, in 1 floors and 5,5m maximum 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


Transfer Fees

€47,780 Transfer fees + €2,467 Stamp Duty
€44,380 Transfer fees + €2,467 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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