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Commercial Building for sale in Strovolos, Nicosia

Strovolos, Nicosia, Cyprus
Commercial Building for sale in Strovolos, Nicosia 2270 Strovolos
Commercial Building
Strovolos, Nicosia
OFF THE MARKET
Arazo Real Estate

Arazo Real Estate

Reg.No: 851 / Licensed No: 434/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 $62,323

Average Bank Rate (€1,650,000)
1 USD = 0.8953 EUR
$1,842,969

Mid-market rate (€1,650,000)
1 USD = 0.9266 EUR
$1,780,646

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: 958140 (6112)

Description

Commercial building in an excellent location in Strovolos Municipality. The property is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to the city center and the motorway. In general, it is an attractive and lively location as Strovolou avenue is considered one of the most active avenues in Nicosia.

The building was constructed 20 years ago, is in a very good condition and consists of two basements with parking spaces, two ground floor shops with mezzanine level and offices on the upper floor. The area of the shops is 300 sqm (approx.), the mezzanine 155 sqm (approx.), the offices 250 sqm (approx.) and the basements 1,100 sqm (approx.).

The property is rented for €7,030/month with a return of 5.1%. One office on the 1st floor is vacant.

It needs to be noted that the property falls within the commercial zone Εβ3 which allows for a building factor of 160%, and for the construction of a six-storey building.

Title Deed available.

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
€3,208 ($3,461)
If buying on joint names
€3,208 ($3,461)
Transfer fees
If buying as an individual
€62,600 ($67,557)
If buying on joint names
€59,200 ($63,887)

Disclaimer - Property reference 958140. 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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