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Mixed Use Project
Nicosia Walled Old City, Nicosia

€1,400,000  ($1,625,493)

SOLD
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: 839751 (7468)
  • Plot: 366 sqm

Description

The property is a mixed-use building known as "Elenios Stoa" in Trypiotis quarter. It is located on the pedestrian-only streets of Ledras and Onasagorou, 100m from the revamped Eleftheria Square.

The building has a covered area of 1,322sqm and consists of 7 shops on the ground floor that have been unified to 3 (one is rented as a souvenir shop), 21 apartments (13 studios, 6 two-bedroom and 2 three-bedroom) and a roof garden of 366sqm. The building has also a basement with an area of 224sqm. It is built within a land area of 366sqm.

An investment opportunity for a city boutique hotel on the most lively part of the old city, or student accommodation subject to town planning permits.

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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
€52,600 ($61,072)
If buying on joint names
€49,200 ($57,124)

Disclaimer - Property reference 839751. 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.