Ref. No. 21207 Shop

€1,235,000 No VAT
Nicosia Town Nicosia
Shop Commercial
552m² Covered
Sales Agent Stefanos Constantinou

Property Description

This property comprises of the two shops on the ground floor of “Panorma Court” with a unified mezzanine and basement located on a seven storey mixed used development in Agios Antonios, Nicosia.

The propertys are located on the corner of Archebishop Makariou III Avenue and Gevgelis street, 200m west of "The Landmark" hotel and 650m southeast of Lykavitos police station.

The property comprises of two shops of 215sqm and 59sqm, that share a 278sqm mezzanine and a 297sqm basement.

Makariou Avenue is the main commercial avenue of Nicosia. It is primarily developed with commercial buildings that house numerous shops, cafeterias and banks as well as offices for various companies and government agencies.

The property falls within commercial planning zone Εβ1 with building density coefficient of 200%, coverage coefficient 50%, in 10 floors and a maximum height of 38m.

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

€48,378
BUYING AS AN INDIVIDUAL
€46,000 Transfer fees + €2,378 Stamp Duty
€44,978
BUYING ON JOINT NAMES
€42,600 Transfer fees + €2,378 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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