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Building for sale in Agios Andreas Nicosia, Nicosia

Agios Andreas Nicosia, Nicosia, Cyprus
Building for sale in Agios Andreas Nicosia, Nicosia 29 Agios Andreas Nicosia
Offers in the region of
22000000 €22,000,000 ($23,182,493)
Building
Agios Andreas Nicosia, Nicosia
Offers in the region of
€22,000,000  ($23,182,493)
SOLD IN 1 DAY
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 $811,387

Average Bank Rate (€22,000,000)
1 USD = 0.9169 EUR
$23,993,880

Mid-market rate (€22,000,000)
1 USD = 0.9490 EUR
$23,182,493

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: 927502

Description

This asset is a landmark commercial building in Nicosia formerly known as the “Yiorkio”.

The asset is located on Metohiou Avenue and Prodromou Street traffic lights junction, is adjacent to Pedieos River and c. 1km southwest of the Nicosia city walls.

The building consists of:

- Tower A (North Tower) which comprises of a basement parking area, semi-basement used as offices, ground floor used as entrance/reception area and offices, and the mezzanine and the 9 upper floors used offices.

- Tower B (South Tower) was formerly operated as a luxury hotel. It includes two basements, a ground floor reception area, mezzanine and 1st floor used as common areas, and 7 upper floors which comprise of 49 hotel suites.

The immediate area of the asset comprises of commercial developments as well numerous government buildings and embassies.

The asset falls within two planning zones:

- Commercial planning zone Εβ3, with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24/20,4m.

- Residential planning zone Κα3, with building density coefficient of 140%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.

Owner: Nesia Properties Ltd

Reg. No. : 0/8385

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 a landmark commercial building in Nicosia formerly known as the “Yiorkio”.

The asset is located on Metohiou Avenue and Prodromou Street traffic lights junction, is adjacent to Pedieos River and c. 1km southwest of the Nicosia city walls.

The building consists of:

- Tower A (North Tower) which comprises of a basement parking area, semi-basement used as offices, ground floor used as entrance/reception area and offices, and the mezzanine and the 9 upper floors used offices.

- Tower B (South Tower) was formerly operated as a luxury hotel. It includes two basements, a ground floor reception area, mezzanine and 1st floor used as common areas, and 7 upper floors which comprise of 49 hotel suites.

The immediate area of the asset comprises of commercial developments as well numerous government buildings and embassies.

The asset falls within two planning zones:

- Commercial planning zone Εβ3, with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24/20,4m.

- Residential planning zone Κα3, with building density coefficient of 140%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.

Owner: Nesia Properties Ltd

Reg. No. : 0/8385

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

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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
€43,908 ($46,268)
If buying on joint names
€43,908 ($46,268)
Transfer fees
If buying as an individual
€876,600 ($923,717)
If buying on joint names
€873,200 ($920,134)

Disclaimer - Property reference 927502. 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 353 properties in Agios Andreas Nicosia and nearby areas! We know our local area and we can sell your property in record time and for the best price.