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Building
Strovolos, Nicosia

€1,940,000  ($2,235,453)

Premier Property Investments

Premier Property Investments

License No. 445/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $78,241

Average Bank Rate (€1,940,000)
1 USD = 0.8385 EUR
$2,313,694

Mid-market rate (€1,940,000)
1 USD = 0.8678 EUR
$2,235,453

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: 8281652 (7134)
  • Total covered area: 1616 sqm
  • Plot: 926 sqm

Description

This three-storey building presents a prime investment opportunity, ideal for generating stable rental income or long-term capital appreciation. Its versatile design makes it suitable for commercial or mixed-use purposes, offering significant flexibility to maximize returns.Building Composition:•Ground Floor: Approximately 370 sq.m.•Mezzanine: Approximately 186 sq.m.•1st Floor: Whole-floor office space of approximately 230 sq.m.•2nd Floor: Whole-floor office space of approximately 230 sq.m. (Currently rented at €2,950/month).•Basement: Approximately 600 sq.m., accommodating dedicated parking spaces and auxiliary rooms.Investment Highlight:The 2nd floor is currently income-generating, providing an immediate monthly rental income of €2,950. This makes the asset particularly attractive to investors seeking an immediate return on investment (ROI).Prime Location:The asset is ideally positioned on Strovolou Avenue, one of Nicosia's highest-traffic commercial arteries, within the well-established Agios Vasilios quarter.Key Location Highlights:•High Visibility: Exceptional daily traffic flow and a strong business presence.•Connectivity: Immediate access to cafes, restaurants, retail shops, banks, and essential services.•Accessibility: Close proximity to schools, offices, and residential neighborhoods, with easy links to main roads and transport networks.Note: Pending issuance of Energy Performance Certificate (EPC).

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€74,200 ($85,500)
If buying on joint names
€70,800 ($81,583)

Disclaimer - Property reference 8281652. 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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