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Commercial Building for sale in Kakopetria, Nicosia

Kakopetria, Nicosia, Cyprus
Commercial Building for sale in Kakopetria, Nicosia 18 Kakopetria
Offers in the region of
520000 €520,000 ($543,104)
Commercial Building
Kakopetria, Nicosia
Offers in the region of
€520,000  ($543,104)
Bank Owned Property
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $19,009

Average Bank Rate (€520,000)
1 USD = 0.9251 EUR

Mid-market rate (€520,000)
1 USD = 0.9575 EUR

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: 847991
  • Total covered area: 480 sqm
  • Plot: 744 sqm
  • Resale built in 1992


Two –storey building with basement in Kakopetria Community in Nicosia District, at a distance of 100 meters (approx.) northwest of the community center and 70 meters (approx.) southeast of Agiou Panteleimona Church.The property is situated close to all necessary amenities and services. It enjoys good access to the motorway and the neighboring communities.The building was constructed in 1992. It was renovated and its level of construction and maintenance is good. The ground floor operates as bank branch. The 1st floor consists of conference rooms and hygiene areas. The basement consists of parking spaces and storages. The area of the ground floor is 360 sqm (approx.), the first floor 120 sqm (approx.) and the basement 200 sqm (approx.).The ground floor and the basement are rented to a bank for €1820/month with a yield of 3.9%. The 1st floor is vacant. The property has the potential to offer a yield of 5% and above.  THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Nicosia Municipality: Kakopetria

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Buying expenses

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.

Stamp Duties
If buying as an individual
€948 ($990)
If buying on joint names
€948 ($990)
Transfer fees
If buying as an individual
€17,400 ($18,173)
If buying on joint names
€14,000 ($14,622)

Disclaimer - Property reference 847991. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars.

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