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A two-storey mixed-use building located in Agios Dometios, Nicosia is for sale. The building consists of a basement with parking spaces and storerooms, three (3) shops on the ground floor, an office on the 1st floor and an apartment on the 2nd floor. Three stores have been combined and are being used as a grocery store/supermarket and are currently leased. The office on the 1st floor is vacant. The apartment on the 2nd floor is used as an office and is currently rented out. The current return on investment is 3.8% with the potential to increase by 6.1% when renting an office on the ground floor. The object falls into the area of Πα8α, with a building coefficient of 140%, a coverage of 70% and a construction permit for 2 floors (7 m).
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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