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Building for sale in Geri, Nicosia

Geri, Nicosia, Cyprus
Building for sale in Geri, Nicosia 500 Geri
370000 €370,000  ($411,567)
Building
Geri, Nicosia

€370,000  ($411,567)

Fox Smart Estate Agency Nicosia

Fox Smart Estate Agency Nicosia

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $14,405

Average Bank Rate (€370,000)
1 USD = 0.8686 EUR
$425,972

Mid-market rate (€370,000)
1 USD = 0.8990 EUR
$411,567

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1469043 (36463)

Description

Prime Location
• Central & Lively Area: Ideal for both commercial and residential use, the property is nestled in a vibrant area with a variety of amenities within walking distance.
• Convenient Access: Close to shops, supermarkets, banks, schools, and more, providing excellent access to neighboring municipalities and communities.
• Proximity to Key Landmarks: Within walking distance to the "A" Primary School of Geri and Agios Minas Church.
External Features
• Corner Location: Enhances visibility and accessibility.
• Recently Renovated: Although approximately 45 years old, the building has undergone recent renovations, ensuring modern functionality and appeal.
Internal Characteristics
• Ground Floor:
o Commercial Space: The ground floor hosts a versatile shop/private institute.
 Layout: Includes a reception area, sitting area, kitchenette, toilets, storage, and four learning rooms.
 Size: Approximate internal area of 163 sqm.
o Covered Parking: Convenient parking space for tenants and customers.
• Upper Floor:
o Residential Apartment: Spacious and well-designed for comfortable living.
 Layout: Features an open plan sitting/dining area, kitchen, guest toilet, main bathroom, and three bedrooms (including a master bedroom with an en-suite shower).
 Size: Approximate internal area of 176 sqm, plus an additional 43 sqm of covered verandas.
Advantages & Special Features
• Investment Potential: The shop is currently rented at €650/month, providing immediate rental income. The upper-floor apartment is vacant and ready for occupation or further rental opportunities.
• This mixed-use building combines prime location, modern amenities, and a blend of commercial and residential spaces, making it an ideal investment opportunity in Geri Municipality, Nicosia.
• Accessibility: Easy access to Nicosia city center enhances the appeal for both tenants and owners.

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.

Stamp Duties
If buying as an individual
€648 ($720)
If buying on joint names
€648 ($720)
Transfer fees
If buying as an individual
€11,400 ($12,681)
If buying on joint names
€8,000 ($8,899)

Disclaimer - Property reference 1469043. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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