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Commercial Building
Latsia, Nicosia

€695,000  ($801,207)

K. Kalogirou Real Estate

K. Kalogirou Real Estate

Reg. No.: 1104 / License No.: 569/E

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BuySell Cyprus Real Estate offer on property will expire soon
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Compared currency flag Pay in USD and save up to $28,042

Average Bank Rate (€695,000)
1 USD = 0.8381 EUR
$829,249

Mid-market rate (€695,000)
1 USD = 0.8674 EUR
$801,207

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: 8765370 (56238)
  • Plot: 462 sqm

Description

Mixed-Use Building for Sale in Latsia area, Nicosia. The property is ideally situated close to a plethora of amenities and services such as supermarkets, schools, restaurants, shops etc. In addition, it enjoys excellent access to the city center.
The property comprises a total covered area of 616 sq.m. and consists of a spacious ground-floor retail unit, mezzanine level, and basement area. The ground floor extends to 227 sq.m. and features a large open-plan showroom/retail space, bar area, three storage rooms, accessible toilets, a children's area, staff kitchen, and staff toilet. The mezzanine level of 80 sq.m. includes two rooms and separate male and female toilets. The basement area of 309 sq.m. is currently used for parking and storage purposes and benefits from both internal staircase access and an external ramp.

The property enjoys excellent exposure on two roads, making it suitable for a wide range of commercial uses. It also generates an annual rental income of €1,380 from an existing billboard lease agreement.

This is an excellent investment opportunity in a well-established commercial location with high accessibility and strong frontage.

Title deed available for the land

For privacy reasons, the advertiser has not indicated the exact address.
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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
€24,400 ($28,129)
If buying on joint names
€21,000 ($24,209)

Disclaimer - Property reference 8765370. 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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