€22,000,000 $23,042,971
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Pay in USD and save up to $806,504Key features
- Listing ID: 927502 (17035)
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.
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.
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