Ref. No. 21927 Building

€7,300,000 No VAT
Nicosia Town Nicosia
Building Commercial
3145m² Covered
Sales Agent Gareth Ronweil

Property Description

This property is a seven-storey commercial building in Trypiotis, Nicosia.

The property is located on the corner of Themistokli Dervi Street and Evagorou Avenue, c. 250m southwest of Eleftheria Square and c. 300m east of the Ministry of Finance.

The property consists of:

-A basement of c. 200sqm comprising of 20 parking spaces.

-A ground floor shop consisting of c. 490sqm that consist of open plan retail area, open plan office area, offices and sanitary areas and a c. 250sqm mezzanine that consist of an office and sanitary areas.

-A mechanical floor of c. 100sqm that consists of a cafeteria, a kitchen, storage area and large uncovered balcony.

-Floors 1-5 of c. 367sqm each that consist of offices and sanitary areas.

-Floor 6 of c. 270sqm that consists of a reception area, conference room, three offices, covered balconies and sanitary areas.

Access to the whole building is provided through elevators and a staircase.

The immediate area of the property comprises of commercial developments such as commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.

Owner: General Insurance Of Cyprus Ltd


Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 21/04/2023.

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
Parking - 1 Covered
Parking - 1 Uncovered

Transfer Fees

€303,108
BUYING AS AN INDIVIDUAL
€288,600 Transfer fees + €14,508 Stamp Duty
€299,708
BUYING ON JOINT NAMES
€285,200 Transfer fees + €14,508 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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