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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.
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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