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Commercial Development for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Commercial Development for sale in Nicosia Municipality, Nicosia 1889 Nicosia Municipality
12000000 €12,000,000  ($12,789,768)
Commercial Development
Nicosia Municipality, Nicosia

€12,000,000  ($12,789,768)

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 $447,642

Average Bank Rate (€12,000,000)
1 USD = 0.9065 EUR

Mid-market rate (€12,000,000)
1 USD = 0.9383 EUR

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: 1061854 (141572)
  • Total covered area: 5000 sqm


Building with title deed, residential apartments, with built area of 5,000 sqrm, area 2,440 sqrm, just 1 m from highway, in the area of Nicosia (center), Lefkosia within Nicosia district. The Energy Efficiency Class of the building is D. The Building was constructed in 1990. The building is large size and is comprised of 75 units. 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, connected to sewage system. Τhe plot area is 2,440 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 1,100 sqrm. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, sea/beach. View of: town. The type of road leading to the property is tarmac secondary road. There is road frontage of 35 meters. The investment is € 2,400 per covered square meter. It appears that there is 18% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 1,100 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. Is on the main higway (1 m). 2nd Basement Parking for 75 cars 1st Basement 18 shops/offices 861 sqrm Ground Floor 17 shops/offices 778sqrm 1st Floor 19 shops/offices 819sqrm 2nd Floor 19 shops/offices 897sqrm 3rd Floor open plan shops/offices 1232sqrm Total 4587 sqrm

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
€23,908 ($25,481)
If buying on joint names
€23,908 ($25,481)
Transfer fees
If buying as an individual
€476,600 ($507,967)
If buying on joint names
€473,200 ($504,343)

Disclaimer - Property reference 1061854. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars.

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