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Mixed Use Project for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Mixed Use Project for sale in Nicosia Municipality, Nicosia 365 Nicosia Municipality
Offers in the region of
1100000 €1,100,000 ($1,156,122)
Mixed Use Project
Nicosia Municipality, Nicosia
Offers in the region of
€1,100,000  ($1,156,122)
Bank Owned Property
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $40,464

Average Bank Rate (€1,100,000)
1 USD = 0.9193 EUR

Mid-market rate (€1,100,000)
1 USD = 0.9515 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: 823563
  • Total covered area: 997 sqm
  • Plot: 698 sqm


Mixed use building in a central location in Kaimakli Quarter in Nicosia Municipality. It is located on “Bata” roundabout, at a distance of 430 meters (approx.) south of Agiou Polydorou Church.The property is situated close to a plethora of amenities and services such as shops, schools, supermarkets, restaurants etc. In addition, it enjoys excellent access to the Nicosia center.The building comprises of basement, ground floor, mezzanine and 5 upper floors. It consists of parking spaces in the basement, a shop with mezzanine on the ground floor, apartment on the mezzanine and 12 apartments on the upper floors. Specifically, the building consists of four (4) one-bedroom apartments, eight (8) two-bedroom apartments and a three-bedroom apartment. The building is in a satisfactory state of condition.The area of the shop on the ground floor is 145 sqm (approx.), the mezzanine 108 sqm (approx.) and the apartments is 810 sqm (approx.).The shop is vacant, while five (5) out of thirteen (13) apartments and the roof are rented for €2.380/month. The property has the potential to offer a yield of 6%. It is considered as an ideal choice for a land developer or an individual. 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: Kaimakli

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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
€2,108 ($2,215)
If buying on joint names
€2,108 ($2,215)
Transfer fees
If buying as an individual
€40,600 ($42,671)
If buying on joint names
€37,200 ($39,098)

Disclaimer - Property reference 823563. 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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