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The asset is a two storey commercial building in Egkomi. It is located on Lefkotheou Avenue, 100m from Lefkotheo Sports Center and 230m from the Exhibition and Trade Centre. The asset is built within a land area of 563sqm. It consists of two units, a shop on the ground floor which is currently rented and used as a pet shop and a restaurant on the first floor which is currently vacant. The ground floor shop has an area of 274sqm, 99sqm mezzanine and 48sqm covered veranda. The first floor has an area of 213sqm and 41sqm covered verandas. The building has also a basement of 301sqm and a parking space on the ground floor with an area of 30sqm. It offers excellent proximity to all amenities and easy access to the center of Nicosia. The wider area comprises high-end residences and apartment blocks alongside commercial, institutional and health care establishments.
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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