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Building for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Building for sale in Nicosia Municipality, Nicosia 366 Nicosia Municipality
Offers in the region of
6000000 €6,000,000 ($6,306,118)
Building
Nicosia Municipality, Nicosia
Offers in the region of
€6,000,000  ($6,306,118)
Bank Owned Property
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $220,714

Average Bank Rate (€6,000,000)
1 USD = 0.9193 EUR
$6,526,832

Mid-market rate (€6,000,000)
1 USD = 0.9515 EUR
$6,306,118

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: 830646

Description

A six storey commercial building with a total area of 3.245 sqm (plus 1.370 sqm basement) located in a central location in Nicosia. It is adjacent to Spyrou Kyprianiou Avenue on its northern boundary, at a distance of few meters west of the intersection of Spyrou Kyprianou Street and Themistokli Dervi Street (near Starbucks and Piraeus Bank’s HQ).

The building consists of two levels of basement car parking (1,370 sqm), a ground floor (530 sqm), a mezzanine (465 sqm), and five floors above (2,250 sqm).

The total land area is 1.324 sqm. 

The ground floor consists of a reception area, offices and showroom, the mezzanine, the 1st, the 2nd and the 3rd floor consist of an open plan showroom and the 4th and 5th floors consist of offices. It is noted that on the terrace, a metallic construction has been erected which consists of a conference room and a library. The two basements of the building are uses as a showroom.

The property falls within the commercial planning zone Εα3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height.

Spyrou Kyprianou Avenue is established as one of the busiest streets in Nicosia with a mixture residential and commercial properties. Most local buildings consist of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. 

The asset is currently occupied.



EPC: Pending Energy Certificate

All urban features must be checked with the proper authorities. The Bank has the right to review selling prices without any prior notice.

A six storey commercial building with a total area of 3.245 sqm (plus 1.370 sqm basement) located in a central location in Nicosia. It is adjacent to Spyrou Kyprianiou Avenue on its northern boundary, at a distance of few meters west of the intersection of Spyrou Kyprianou Street and Themistokli Dervi Street (near Starbucks and Piraeus Bank’s HQ).

The building consists of two levels of basement car parking (1,370 sqm), a ground floor (530 sqm), a mezzanine (465 sqm), and five floors above (2,250 sqm).

The total land area is 1.324 sqm. 

The ground floor consists of a reception area, offices and showroom, the mezzanine, the 1st, the 2nd and the 3rd floor consist of an open plan showroom and the 4th and 5th floors consist of offices. It is noted that on the terrace, a metallic construction has been erected which consists of a conference room and a library. The two basements of the building are uses as a showroom.

The property falls within the commercial planning zone Εα3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height.

Spyrou Kyprianou Avenue is established as one of the busiest streets in Nicosia with a mixture residential and commercial properties. Most local buildings consist of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. 

The asset is currently occupied.



EPC: Pending Energy Certificate

All urban features must be checked with the proper authorities. The Bank has the right to review selling prices without any prior notice.

Open map  

Buying expenses

Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.

Stamp Duties
If buying as an individual
€11,908 ($12,515)
If buying on joint names
€11,908 ($12,515)
Transfer fees
If buying as an individual
€236,600 ($248,671)
If buying on joint names
€233,200 ($245,098)

Disclaimer - Property reference 830646. 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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