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Pay in USD and save up to $18,157Two-storey building in the heart of Nicosia Municipality in Faneromeni Quarter, at a distance of 100 meters (approx.) southeast of Panagia Faneromeni Church and 190 meters (approx.) east of Ledras Street.The property is located close to a plethora of amenities and services such as restaurants, cafes, shops etc. The area of the property is characterized by an increased demand for properties due to its commercial/picturesque orientation and accessibility.The property was construction with traditional materials. It consists of 3 shops on the ground floor and an upper floor which used to operate as a hotel consisting of 7 rooms, a kitchen, two toilets and two common areas. The area of the internal spaces is 613 sqm (approx.).Two of the shops were unified and they are rented for €450/month. It needs to be noted that the building was declared as listed. This gives the owner the right to benefit from various incentives.The property is considered an excellent choice for investment.The property falls within planning zone ΕΖ-εν:Building Density 160%Coverage Coefficient 70%\Floors 3Max. Height 11.5m 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: Faneromeni
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.
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