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Office for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
Office for sale in Nicosia Municipality, Nicosia 362 Nicosia Municipality
Offers in the region of
650000 €650,000 ($673,335)
Office
Nicosia Municipality, Nicosia
Offers in the region of
€650,000  ($673,335)
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 $23,567

Average Bank Rate (€650,000)
1 USD = 0.9327 EUR
$696,902

Mid-market rate (€650,000)
1 USD = 0.9653 EUR
$673,335

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: 822708
  • Bathrooms: 2
  • Total covered area: 325 sqm
  • Resale built in 2001

Description

Office in a central and lively location in Agioi Omologites Quarter, in Nicosia Municipality, at a distance of 950 meters (approx.) northeast of the Presidential Palace and 200 meters north of the Agioi Omologites Primary School.The property is ideally situated close to a plethora of amenities and services such as shops, restaurants, cafes, bakeries etc. In addition, it has excellent accessibility to the city center. In general, it is an excellent location with high demand for properties due to its centrality and accessibility.The property abuts onto Dimostheni Severi Avenue and located on the 5th floor of the building named “Presidium”. The building was built 20 years ago (approx.) and its level of construction and maintenance is good. Internally the office consists of reception area, office spaces, meeting room, hygiene area and two small kitchenette. The area of internal spaces is 325 sqm and the covered veranda 12 sqm.It is important to noted that the property has exclusive right of use of a room with total area of 21sqm that located on the building roof.It has a separate title deed and 6 covered parking space in the basement. Currently, the office is rented for €3.000/month with a yield of 5,5% and it is considered as a good choice for investment. 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: Agioi Omologites Unit No: 51

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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
€1,208 ($1,251)
If buying on joint names
€1,208 ($1,251)
Transfer fees
If buying as an individual
€22,600 ($23,411)
If buying on joint names
€19,200 ($19,889)

Disclaimer - Property reference 822708. 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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