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.
Pay in USD and save up to $95,672The building is located on Makarios Avenue in Nicosia, near Landmark Towers. Originally, the building consisted only of the ground floor, which includes 5 shops, each with its own mezzanine. The total area of all the shops, including the mezzanines, is estimated at 495 sqm + 25 sqm of common area.
Subsequently, three additional floors were added. Please note that these floors do not have final approval, as the original permit was for residential apartments. Office spaces constructed without submitting updated plans.
Building Layout:
*1st Floor: 2 offices, totaling 337 sqm
*2nd Floor: 2 offices, totaling 337 sqm
*3rd Floor: 2 offices, totaling 337 sqm
*Basement: Parking, 434 sqm
It is noted that there is expansion potential as the building coefficient allows for the construction of three additional floors.
This property offers significant potential for renovation or redevelopment. Suggested future uses include:
*Boutique hotel or Airbnb-style units
*Clinic or private medical offices
*Mixed commercial/residential development
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.
Disclaimer - Property reference 8874942. 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.
