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Pay in USD and save up to $40,331The property is a mixed-use building in the Old Nicosia Centrer, Nicosia Municipality.
The building consists of three shops on the ground floor (total 375 sqm), an exhibition space on the first floor (350 sqm), and a bar located on the rooftop terrace (350 sqm).
It has a covered area of 725 sqm and 35 sqm covered verandas.
The two shops on the ground floor are tenanted offering steady return. The third shop on the ground floor and the first floor are vacant.
The property has a premium position in the Old Centre of Nicosia, surrounded by shops, restaurants and services.
It is ideal for the development of a city boutique hotel or student accommodation. The property is eligible for government incentives targeting the rejuvenation of the Walled City 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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