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Nicosia Municipality, Nicosia
Offers in the region of

€490,000  ($568,868)

UNDER OFFER
Bank Owned Property
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 1070079 (altia883)
  • Total covered area: 1780 sqm
  • Plot: 10099 sqm

Description

\"Properties listed with a Reserve Price indicate that the Seller reserves its right to not accept offers below the specified price. All offers must exceed the Reserve Price. While lower offers may be submitted, they are unlikely to be considered by the Seller.\"

A 14% distributed share of land, 1.350 sq.m. out of 10.099 sq.m.in total, including a two-storey commercial building with a basement located in Panagia industrial area, Nicosia.
The ground floor consists of an entrance space, an office, four rooms, sanitary areas, and a kitchen.
The first floor consists of 2 rooms, of which flooring and wall painting is incomplete.
Furthermore, the basement consists of two storage spaces, one room a kitchen, sanitary areas and parking spaces.

Distribution agreement is in place.

The asset is located approximately 420m west of Ammochostou Avenue and 280m north form John Kennedy Avenue.
The property falls into \u0395\u03a06 planning zone and the immediate area is mainly characterized by industrial buildings, warehouses and vacant land.

EPC Pending","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio Management Holdings Limited.","The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€16,200 ($18,807)
If buying on joint names
€12,800 ($14,860)

Disclaimer - Property reference 1070079. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.