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This asset is a commercial building, that was used as a restaurant, in Nempetchane, in within the walls Nicosia.
The asset comprises of:
-The basement of c. 84sqm, comprising of a wine cellar, walk in refrigerator, storage space and staff toilet.
-The ground floor of c. 82sqm, comprising of a kitchen and three dining areas.
-The first floor of c. 86sqm comprising of a dining area and guest toilets.
There is also a terrace of c. 48sqm.
All levels are connected via an elevator and a staircase.
The immediate area of the property is within the old city walls of Nicosia comprising of listed buildings of residential and commercial use and is the traditional commercial center of Nicosia.
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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