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Building
Acropolis, Nicosia

€1,454,000  ($1,660,595)

Premier Property Investments

Premier Property Investments

License No. 445/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $58,121

Average Bank Rate (€1,454,000)
1 USD = 0.8460 EUR
$1,718,715

Mid-market rate (€1,454,000)
1 USD = 0.8756 EUR
$1,660,595

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8317488 (7156)
  • Total covered area: 976 sqm
  • Plot: 456 sqm

Description

An exceptional investment opportunity in a five-storey mixed-use building with mezzanine and basement, ideally located on Acropoleos Avenue, one of the capitals' most central commercial streets.The building comprises of:Ground Floor:•One small retail shop of approximately 30 sq.m., with a mezzanine of approximately 30 sq.m.•One large retail shop of approximately 120 sq.m., with a mezzanine of approximately 120 sq.m.•1st – 3rd Floors:Each floor of approximately 190 sq.m. is divided in 2 separate office spaces of approximately 95 sq.m. each and suitable for professional use.•4th Floor:A two-bedroom penthouse apartment of approximately 106 sq.m of internal areas and approximately 84 sq.m. of of uncovered verandas.•Basement area of approximately 340 sq.m.Most floors are tenanted with a current rental amount of €61.568 and a current yield of 4.1%.Office 201, office 302 and penthouse apartment are vacant with a potential market rent of €30.600.Subject to full tenancy the property should have a total rental amount of €92.168 and a yield of 6.2%.Additionally, the property benefits from parking spaces and storage rooms located on the ground floor and basement level, enhancing functionality for both commercial and residential tenants.The asset enjoys a prime central location, within walking distance to numerous amenities and services. It is situated approximately 20 metres southwest of Ayios Demetrios traffic lights and around 150 metres southeast of Makarios Hospital, ensuring excellent accessibility and strong commercial visibility.The property falls within Planning Zone Eβ3, which allows:•Building Density: 160%•Coverage: 50%•Maximum Floors: 6•Maximum Height: 24 metres

For privacy reasons, the advertiser has not indicated the exact address.
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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
€54,760 ($62,541)
If buying on joint names
€51,360 ($58,658)

Disclaimer - Property reference 8317488. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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