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Commercial Development
Nicosia Municipality, Nicosia

€1,950,000  ($2,245,209)

21 Property Finder

21 Property Finder

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

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Compared currency flag Pay in USD and save up to $78,582

Average Bank Rate (€1,950,000)
1 USD = 0.8391 EUR
$2,323,791

Mid-market rate (€1,950,000)
1 USD = 0.8685 EUR
$2,245,209

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: 1895304 (152968)
  • Total covered area: 558 sqm

Description

Building with title deed, mixed residential/commercial, with built area of 558 sqrm, area 1,873 sqrm, in the area of Nicosia (center), Lefkosia within Nicosia district. It is within close proximity to: Court of Justice (Nicosia) and Court of Justice (Nicosia). The Energy Efficiency Class of the building is E. The Building was constructed in 1940. The plot characteristics are: within planning zone EZ d, has a build coefficient of 200.000% with covered coefficient of 60.00%, maximum building permissible height 31.00 meters, and maximum number of floors 8. Τhe plot area is 1,873 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 3,188 sqrm. Zone: Urban Center Plan. Urban Commercial Zone. The type of road leading to the property is tarmac secondary road. The investment is € 3,495 per covered square meter. If you also take into account that you also get a plot 1,873 sqrm then you can better understand the value. It appears that there is 85% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 3,188 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.

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
€74,600 ($85,894)
If buying on joint names
€71,200 ($81,979)

Disclaimer - Property reference 1895304. 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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