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Commercial Building
Nicosia Municipality, Nicosia

€2,900,000  ($3,299,549)

React Estate Agents

React Estate Agents

Reg. No: 491 / License No.: 102/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 $115,484

Average Bank Rate (€2,900,000)
1 USD = 0.8492 EUR
$3,415,033

Mid-market rate (€2,900,000)
1 USD = 0.8789 EUR
$3,299,549

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: 8374713 (2172)

Description

Prime Investment Opportunity – Landmark Building in Nicosia-All 4 floors of a total of 1846sq.m

A unique investment opportunity to acquire a four-storey commercial building strategically located at one of the most well-known crossroads in Nicosia.
Property Overview
This prominent asset-ONLY 4 FLOORS- offers a total of 1,846 sq.m. of internal space.

Investment Highlights
• Prime, high-visibility commercial location
• 15 on-site parking spaces & Ample parking across the street in the Municipal parking area
• Requires basic renovation and upgrading, offering value-add potential
• Separate titles deeds available

Income Potential
The property offers approximately 1,846 sq.m. of office space
At a minimum estimated rental rate of €15 per sq.m., the offices could generate:
Estimated Monthly Rental Income:
1,846 sq.m. × €15 = €27,690 (~€27,000 per month)

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
€112,600 ($128,114)
If buying on joint names
€109,200 ($124,245)

Disclaimer - Property reference 8374713. 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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