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Pay in USD and save up to $145,386This asset is a mixed use building in Engomi, Nicosia.
The asset comprises of a ground floor showroom of 516sqm with a 376sqm mezzanine, three additional floors of 510sqm, 364sqm and 429sqm and a basement of 652sqm. The shop has a large storefront and can accommodate many retail uses.
The immediate area of the property is mainly developed with mixed use buildings, with retail units on the ground floor and offices or apartments on the floors above.
The asset falls within two planning zones:
- Eβ4 with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17/14,3m.
- and Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
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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