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Building
Nicosia Walled Old City, Nicosia
Offers in the region of

€375,000  ($435,493)

Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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

Key features

  • Listing ID: 829571 (39782)
  • Total covered area: 238 sqm
  • Plot: 275 sqm
  • Title deeds available
  • Year of Completion: 1908
  • Title Deed Reg. No.: 1/721

Description

This asset is a bar in Agios Ioannis quarter within the walls of old Nicosia.
The asset is adjacent to Nikiforou Foka Street on its southeast border and Heracleous Street on its northwest border. It is located c. 180m north of the Statue of Liberty and c. 100m west of Pankyprio Gymnasio.
The asset consists of two residential buildings, which were unified and converted into a bar.
The ground floor consists of an entrance/reception area with a dressing room, open plan bar/dining area, a kitchen, a storage room, male and female toilets, and courtyards. The first floor is accessed by both internal and external staircases and comprises of open plan office.
The buildings were constructed in c. 1908 using traditional materials such as stone and adobe walls, and have inclined roofs covered with shingles.
The immediate area of the property is within the walls of Nicosia, comprising listed buildings.
The asset falls within planning zone Κα-α with a building density coefficient of 140%, coverage coefficient 70%, 2 floors, and a maximum height of 8m.
Title Deed Reg. No.: 1/721

*** The Property Requires Full Renovation.

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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
€11,600 ($13,471)
If buying on joint names
€8,200 ($9,523)

Disclaimer - Property reference 829571. 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.