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Archangelos, Nicosia
Offers in the region of

€315,000  ($359,887)

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!
Compared currency flag Pay in USD and save up to $12,596

Average Bank Rate (€315,000)
1 USD = 0.8457 EUR
$372,483

Mid-market rate (€315,000)
1 USD = 0.8753 EUR
$359,887

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: 1708867 (altia2522)
  • Total covered area: 288 sqm
  • Plot: 567 sqm
  • Year Build: 2001

Description

The property is a mixed-use building located within the Lakatamia municipality - Anthoupoli quarter, in Nicosia.
The building was constructed in 2001 on a registered plot of 567 m², which abuts Agiou Georgiou Avenue along its southwest boundary with a frontage of approx. 23 meters.
The ground floor comprises three units, all occupied each with a mezzanine level.
The two eastern units have been unified to form a bakery, while the western unit is a coffee shop. (BOTH OCCUPIED/RENTED)
Access to the mezzanines is provided by internal staircases, featuring 2 toilets and a storage area.
Additionally, there is a vacant apartment on the mezzanine level, situated at the northern end of the building.
This apartment consists of 2 bedrooms, a bathroom, a kitchen, and a dining/living area. Access to the apartment is via a staircase located on the eastern side of the building.
The potential yield of the building (when the apartment is rented) will range between 5.5% and 6.00%.
The building is strategically located, on Ayiou Gergiou Avenue in Anthoupoli, approximately 1.7 km southwest of the Anthoupolis Junction and 2.4 km southeast of Nicosia Mall.
The property falls within Zone Εβ5, with a building coefficient of 30%, coverage of 20%, and permission for 2 floors (8.3m) of construction.

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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
€9,200 ($10,511)
If buying on joint names
€6,175 ($7,055)

Disclaimer - Property reference 1708867. 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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