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Pay in USD and save up to $15,993Mixed Use Building for Sale in Geri area, Nicosia. The property is in a central lively area while it is also ideal for residential use. Within walking distance are many amenities and services such as shops, supermarkets, banks, schools, etc. In addition, it has excellent access to neighboring municipality and communities.
Building for sale in Geri area, Nicosia. The building is approximate 45 years old and it has been renovated recently. It consists of a ground floor shop/private institute and a covered parking space while the upper floor level consists of a house.
The private institute consists of a reception area, sitting area, kitchenette, toilets, storage and four learning rooms. Shop internal area is approximate 163sqm.
The upper floor house consists of an open plan sitting/dining area, kitchen, guest toilet, main bathroom and three bedrooms [the master bedroom with shower en-suite]. Internal house area is approximate 176sqm plus approximate 43sqm covered verandas.
It is noted that the shop is rented for €650/month and the houses is rented for €700/month. The building is rented with total yield of 3.8%.
Extra: Storage Room, 2 Covered Parking Spaces, A/C.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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