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Commercial Building for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Commercial Building for sale in Nicosia Municipality, Nicosia 366 Nicosia Municipality
Offers in the region of
7500000 €7,500,000 ($7,882,647)
Commercial Building
Nicosia Municipality, Nicosia
Offers in the region of
€7,500,000  ($7,882,647)
Bank Owned Property
ALTAMIRA ASSET MANAGEMENT CYPRUS LIMITED
ALTAMIRA ASSET MANAGEMENT CYPRUS LIMITED
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $275,893

Average Bank Rate (€7,500,000)
1 USD = 0.9193 EUR
$8,158,540

Mid-market rate (€7,500,000)
1 USD = 0.9515 EUR
$7,882,647

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: 823552
  • Total covered area: 2500 sqm
  • Plot: 1572 sqm
  • Resale built in 1990

Description

The properties for sale are a commercial building and a vacant plot, that are centrally located in Trypiotis Quarter of Nicosia Municipality. The property is situated along Archbishop Makarios III Avenue (Makariou), one of the most vibrant and popular streets of Nicosia.In the surrounding area there is a plethora of amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings.The property is situated approximately 200 meters southeast of the junction of Makariou and Evagorou Avenues and approximately 100 meters northwest of the junction of Makariou and Stasandrou Avenues.It is a six storey building which was constructed 30 years ago (approx.). The vacant plot is asphalted and is used as a parking space.The building has an enclosed area of 2,500 sqm and consists of 14 shops on the ground floor and 12 offices on the 6 upper floors. All units in the building are vacant.The vacant plot has 23 meters frontage on Zinas Kanther Str., while the building has 21 meters frontage on Makariou Ave.The property lies within the ΠΕΖ planning zone (Commercial Development City Centre Zone), with Building Density of 250%.The property has the potential for further commercial and residential development.More importantly, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the "Nicosia City Centre Local Plan". THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Nicosia Municipality: Nicosia Municipality Quarter: Tripiotis

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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
€14,908 ($15,668)
If buying on joint names
€14,908 ($15,668)
Transfer fees
If buying as an individual
€296,600 ($311,732)
If buying on joint names
€293,200 ($308,159)

Disclaimer - Property reference 823552. 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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