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Pay in USD and save up to $153,5166 Floors Mixed Use Building in Nicosia for Sale*Pictures are available to be sent to any interested buyers.
Location
• On one of the most commercial streets of the capital
• The wider area of the property is mainly developed with mixed use buildings consisting of shops, flats and offices.
• Building Zone ΠΕΖ Core Commercial Zone 180% and Intermediate Commercial Zone
External Features
• Excellent building condition since the building was ed and now the owner is continuing to maintain it properly
• Access to the building from two diffe streets, almost 360 views of Nicosia
Internal Characteristics
• 2,105sm internal area plus the 140sm basement. Basement, Ground floor plus 5 floors. Architect Plans provided in the online pictures
• Modern Elevator, good quality flooring, false ceiling, AC’s, fire safety, fire exits, structured cabling
Advantages Special Features
• Attached to a parking with 155 parking spaces
• Valuated at €4,475,000 in 2022 and the s price is €3,800,000
• Project eligible for €2,000,000 Grand for Student Accommodation Scheme. Existing plans for 43 rooms
• The government grant is given to convert existing buildings to Student Accommodation – After 5 years of operation, conversion to any other use is possible
• Architect’s estimation to convert to Student Accommodation is at €2,700,000 (+vat) so the project can receive €2,000,000 grant.
• Owner already applied for license and is waiting for approval
• NO transfer fees since it is the only property owned by a company
• Suitable for Student Accommodation, Hotel, Offices, or Conversion to self-contained flats and Rental Income
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.
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