€599,000 $613,470
Fox Smart Estate Agency Nicosia
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Pay in USD and save up to $21,471Key features
- Listing ID: 1303719 (32709)
- Plot: 391 sqm
Description
Location
• Situated in a prime commercial avenue just 350m from Agios Dometios community centre in Nicosia.
Building Characteristics
• Basement parking spaces and storage rooms.
• Three unified shops on the ground floor, currently housing a commercial outlet.
• Vacant office space on the 1st floor, ready for customisation.
• Apartment on the 2nd floor, currently utilised as an office and generating rental income.
• Investment Potential:
• Current ROI stands at 3.8% with potential to increase to 6.1% upon leasing the vacant office space on the 1st floor. Zoning and Features:
• Falls within Zone Πα8α with favourable building regulations.
• Building coefficient of 140% and coverage of 70%.
• Permissible construction of up to 2 floors (7m).
Advantages - Special Features
• Profitable mixed-use building with easy access to Nicosia city centre.
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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