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Latsia, Nicosia
Offers in the region of

€695,000  ($806,864)

Bank Owned Property

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Compared currency flag Pay in USD and save up to $28,240

Average Bank Rate (€695,000)
1 USD = 0.8322 EUR
$835,104

Mid-market rate (€695,000)
1 USD = 0.8614 EUR
$806,864

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: 8758993 (altia2921)
  • Total covered area: 227 sqm
  • Plot: 462 sqm

Description

Prime Corner Retail Shop with excellent street frontage located in the commercial area of Agios Eleftherios, Latsia, Nicosia.

Property Highlights:
\u2022 Internal Ground Floor Area: 227sq.m.
\u2022 Mezzanine Area: 80sq.m.
\u2022 Basement Area: 309sq.m.
\u2022 Total Road Frontage: Approximately 39m, on Archiepiskopou Makarios III Avenue and Iroon Street

Financial Performance:
Current Annual Rent: \u20ac1,380 (billboard lease income).

Internal Layout:
\u2022 The property features a spacious open-plan retail area on the ground floor with a bar area, three storage rooms, an accessible toilets, kids\u2019 area, staff kitchen, and staff toilet.
\u2022 The mezzanine comprises two rooms and separate male and female toilets
\u2022 The basement is used as a parking\/storage area and benefits from both internal staircase and external ramp access.

Location:
\u2022 Abuts on Archiepiskopou Makariou III Avenue
\u2022 Approximately 130m southwest of Agios Eleftherios Church
\u2022 Approximately 305m east of 3rd Primary School of Latsia

The property has a separate title deed.

Pending issuance of Energy Performance Certificate.","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio (H3) Management Holdings Limited.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

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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 ($28,327)
If buying on joint names
€21,000 ($24,380)

Disclaimer - Property reference 8758993. 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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