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Pay in USD and save up to $15,330A two storey commercial warehouse currently rented and operated as a recording studio, is located in Idaliou, Nicosia.The ground floor of about 311 sq.m. consists of a reception area, a recording/control studio area, an engine room, orchestra & performance room, office area, server room, kitchen and toilets.The first floor of about 212 sq.m. is accessed via an external metal staircase and it consists of six offices, a conference room, a server room, a kitchen. toilets and a storage area. Additionally there is a provision for elevator.The property is currently rented until 31/01/2024 with a rental yield of 5.2% (€29.172 annually) and from 01/02/2024 until 31/01/2027 with a rental yield of 5.5% (€30.636 annually)
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.
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