Skip to main content

Building for sale in Nicosia Walled Old City, Nicosia

Nicosia Walled Old City, Nicosia, Cyprus
Building for sale in Nicosia Walled Old City, Nicosia 39 Nicosia Walled Old City
Offers in the region of
10500000 €10,500,000 ($10,947,752)
Building
Nicosia Walled Old City, Nicosia
Offers in the region of
€10,500,000  ($10,947,752)
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 $383,171

Average Bank Rate (€10,500,000)
1 USD = 0.9267 EUR
$11,330,923

Mid-market rate (€10,500,000)
1 USD = 0.9591 EUR
$10,947,752

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: 829778

Description

This asset is the “Ledra Arcade” commercial center in Ledras Street, 250m north of Eleftherias Square, in within the walls Nicosia.

The asset comprises of:
-A common area of c. 450sqm
-Shop 1 of 185sqm and a 63sqm mezzanine
-Shop 2 of 177sqm and a 23sqm mezzanine
-Shop 3 of 312sqm and a 145sqm mezzanine
-Shop 4 of 115sqm
-Shop 5 of 75sqm and a 44sqm mezzanine
-The three level underground parking with 154 parking spaces of c. 4,500sqm

The asset also benefits from an unused building density of c. 2.500sqm.

The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia. Ledras Street is one of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals.

The asset is partially occupied.

The asset falls within two planning zones:

-ΠΕΖ with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

-ΕΖ with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

Owner: Molemo Properties Ltd

, 3/736, 3/782, 3/1161, 3/1335

EPC: Pending Energy Certificate

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

This asset is the “Ledra Arcade” commercial center in Ledras Street, 250m north of Eleftherias Square, in within the walls Nicosia.

The asset comprises of:
-A common area of c. 450sqm
-Shop 1 of 185sqm and a 63sqm mezzanine
-Shop 2 of 177sqm and a 23sqm mezzanine
-Shop 3 of 312sqm and a 145sqm mezzanine
-Shop 4 of 115sqm
-Shop 5 of 75sqm and a 44sqm mezzanine
-The three level underground parking with 154 parking spaces of c. 4,500sqm

The asset also benefits from an unused building density of c. 2.500sqm.

The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia. Ledras Street is one of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals.

The asset is partially occupied.

The asset falls within two planning zones:

-ΠΕΖ with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

-ΕΖ with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

Owner: Molemo Properties Ltd

, 3/736, 3/782, 3/1161, 3/1335

EPC: Pending Energy Certificate

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Open map  

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
€20,908 ($21,799)
If buying on joint names
€20,908 ($21,799)
Transfer fees
If buying as an individual
€416,600 ($434,365)
If buying on joint names
€413,200 ($430,820)

Disclaimer - Property reference 829778. 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.

We SOLD 442 properties in Nicosia Walled Old City and nearby areas! We know our local area and we can sell your property in record time and for the best price.