€5,550,000 $6,173,512
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Pay in USD and save up to $216,073Key features
- Listing ID: 1512849 (29121)
- Plot: 2170 sqm
Description
Investment Opportunity within a Commercial building located in Agios Dometios Nicosia.
The building consists of a basement with parking spaces and storage facilities, retail unit on the ground floor with auxiliary mezzanine area and 4 floors comprising of office spaces.
The retail unit is currently used by a Banking division which will be vacated.
The basement is accessed via a ramp and consists of 36 parking spaces, various storage rooms and mechanical rooms.
The ground floor consists of a small single office space , the central entrance of the building and the rest of the section which consists of the bank branch including a large single customer service area with cash registers, various staff office areas , sanitary areas, kitchen, storage areas and 18 parking spaces.
The mezzanine area above the shop is accessed via an internal staircase and consists of various office spaces, a meeting room and Male & female WC's
The western part of the mezzanine is an independent office which consists of an open plan designed and arranged internally into various offices with plasterboard dividers, while served by a kitchenette and sanitary facilities.
The 1st – 4th floors are vacant , identical and consist of two office wings each. All office spaces are open plan and have been arranged internally and according to the needs of the previous tenants in various spaces with dividers, while they are served by sanitary facilities and a kitchen.
It should be noted that a part of the ground floor and the basement are used by CYTA, as well as an Antenna on the rooftop with a monthly rental at €1,800. The rental agreement expires on 30/11/2025.
Additionally, office 102 of approximately 350 sqm. is tenanted by Horse Race Club with a monthly rental fee of €1,295.
There is a Full title deed in place for the building.
The building is located in busy commercial road within very close proximity to the city center, approximately 2km.
The property falls within a duel Zone Κα4 (55%), with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction and Zone Εβ3(45%) , with a building coefficient of 160%, coverage of 50%, and permission for 6 floors (24m) of construction.
For further details please contact our office.
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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