€599,000 $652,868
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Pay in USD and save up to $22,850Key features
- Listing ID: 1301262 (altia2049)
- Total covered area: 137 sqm
- Plot: 379 sqm
Description
Three storey mixed use building located in Agios Dometios, Nicosia.
The building comprises of a basement with parking spaces and storage rooms.
Three (3) shops on the ground floor (the three shops have been unified and are used as a grocery store/supermarket) that are currently rented.
An office on the 1st floor, which is currently vacant.
An apartment on the 2nd floor, which is used as an office and is currently rented.
The current ROI is 3.8% with the potential to increase at 6.1% when the office on the first floor is rented.
The building is located along Grigori Afxentiou Avenue, nearly opposite Agios Georgios church, approximately 700m from the motorway, and approximately 350m from Agios Dometios community center.
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (7m) of construction.
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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