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This asset is a commercial building located in the center of Nicosia.
The building comprises of five shops on the ground floor and five floors of offices and a basement. All five shops are occupied while the four floors are vacant.
The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. Along Avenue there are numerous shops, cafeterias and banks as well as offices for many companies and government agencies.
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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