€450,000 $502,440
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Pay in USD and save up to $17,585Key features
- Listing ID: 1196874 (43100)
Description
Mixed-Use Building in commercial area of Strovolos, Nicosia. The property is ideally situated close to a plethora of amenities and services such as schools, shops, supermarkets, restaurants etc. In addition, the property enjoys very good access to the motorway and the Nicosia city center. Furthermore, the “Jumbo” and the European University of Nicosia are also a short drive away.
Building for sale in Strovolos area, Nicosia. The building was constructed around 1988 and consists of a basement, shop with a mezzanine on the ground floor and an upstairs residence.
The basement has an area of 278 sq.m. and consists of a single space which is used as a parking space, while its southern part has been converted into a studio.
The shop on the ground floor consists of two offices, two auxiliary offices, kitchen, sanitary areas with shower and workshop. The mezzanine consists of an auxiliary space which has been converted into two studios on site. The area of the ground floor is about 260 sq.m. plus 25 sq.m. covered verandas and 128 sq.m. mezzanine.
The house on the first floor consists of a living room, dining room, office, laundry room, guest toilet, kitchen, fireplace, bathroom with toilet and three bedrooms, the main one with separate shower and toilet. The area of the house is approximately183 sq.m. and 51 sq.m. covered verandas.
It is an ideal choice for investment.
It is noted that the property is in process of acquiring a Court Order for vacant possession (freehold). Additionally, it is expected to be vacated (freehold) at 31/07/2025 and in the meantime the occupant will be paying the amount of €1500/month.
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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