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Commercial Building
Nicosia Municipality, Nicosia

€5,500,000  ($6,283,747)

21 Property Finder

21 Property Finder

Reg. No: 1022 / Licensed No: 505/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $219,931

Average Bank Rate (€5,500,000)
1 USD = 0.8457 EUR
$6,503,678

Mid-market rate (€5,500,000)
1 USD = 0.8753 EUR
$6,283,747

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: 8936446 (155116)
  • Total covered area: 939 sqm

Description

Building with title deed, mixed residential/commercial, with built area of 939 sqrm, area 2,694 sqrm, in the area of Nicosia (center), Lefkosia within Nicosia district. It is within close proximity to: Makariou Ave (Center) and Makariou Ave (Center). The Energy Efficiency Class of the building is D. The Building was constructed in 1976. The plot characteristics are: within planning zone PEZ, has a build coefficient of 250.000% with covered coefficient of 70.00%. Other characteristics of Building: electricity, telephone, water connection. Τhe plot area is 2,694 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 5,796 sqrm. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, bakery, park. 5 minutes from: nursery, primary school, secondary school, supermarket, childrens play area, communal swimming pool, gymnastics center, Church. View: town. The type of road leading to the property is tarmac secondary road. The investment is € 5,857 per covered square meter. If you also take into account that you also get a plot 2,694 sqrm then you can better understand the value. It appears that there is 86% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 5,796 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. This Building has title deed ready. Completion of sale with the transfer of the title deed at District Land Registry.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€216,600 ($247,465)
If buying on joint names
€213,200 ($243,581)

Disclaimer - Property reference 8936446. 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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