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Commercial Building for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Commercial Building for sale in Nicosia Municipality, Nicosia 2069 Nicosia Municipality
6500000 €6,500,000  ($6,956,857)
Commercial Building
Nicosia Municipality, Nicosia

€6,500,000  ($6,956,857)

Arazo Real Estate

Arazo Real Estate

Reg.No: 851 / Licensed No: 434/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 $243,490

Average Bank Rate (€6,500,000)
1 USD = 0.9027 EUR
$7,200,347

Mid-market rate (€6,500,000)
1 USD = 0.9343 EUR
$6,956,857

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: 957862 (5303)

Description

Six-storey commercial building in a central and lively location in Kaimakli Quarter in Nicosia Municipality, at a distance of 140 meters (approx.) northwest of “BATA” roundabout. The property is ideally situated close to a plethora of amenities and services such as supermarkets, schools, restaurants, shops etc. In addition, it enjoys excellent access to the city center.

The level of construction and maintenance of the building is excellent. It consists of two basements with underground parking spaces, ground floor, mezzanine and five upper floors.

The two basements consist of 78 parking spaces and 35 storages. The ground floor consists of a large shop/showroom with a mezzanine level. The upper floors consist of open plan high quality office spaces.

The area of the internal spaces (including common areas) is 3650 sqm (approx.) and the basements 2620 sqm (approx.).

Usable shop area: 525 sq.m., plus 296 sq.m. of mezzanine level.

Usable office area: 2,508 sq.m. plus 272 sq.m.of covered verandas.

The second and third floors of the building are rented with satisfactory return.​​​​​​​

For the property, an application has been made for the issuance of a final certificate approval.

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
€12,908 ($13,815)
If buying on joint names
€12,908 ($13,815)
Transfer fees
If buying as an individual
€256,600 ($274,635)
If buying on joint names
€253,200 ($270,996)

Disclaimer - Property reference 957862. 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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