€599,000 $668,614
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Pay in USD and save up to $23,401Key features
- Listing ID: 1502056 (47248)
- 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, an office on the 1st floor and an apartment on the 2nd floor.
The three shops have been unified and are used as a grocery store/supermarket, and are currently rented.
The office on the 1st floor is vacant.
The apartment on the 2nd floor 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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