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Mixed Use Project for sale in Geri, Nicosia

Geri, Nicosia, Cyprus
Mixed Use Project for sale in Geri, Nicosia 448 Geri
420000 €420,000  ($440,076)
Mixed Use Project
Geri, Nicosia

€420,000  ($440,076)

K. Kalogirou Real Estate

K. Kalogirou Real Estate

Reg. No.: 1104 / License No.: 569/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $15,403

Average Bank Rate (€420,000)
1 USD = 0.9221 EUR
$455,478

Mid-market rate (€420,000)
1 USD = 0.9544 EUR
$440,076

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: 1195539 (40418)
  • Plot: 966 sqm

Description

Mixed Use Building for Sale in Geri area, Nicosia. The property is in a central lively area while it is also ideal for residential use. Within walking distance are many amenities and services such as shops, supermarkets, banks, schools, etc. In addition, it has excellent access to neighboring municipality and communities.

Building for sale in Geri area, Nicosia. The building is approximate 45 years old and it has been renovated recently. It consists of a ground floor shop/private institute and a covered parking space while the upper floor level consists of a house.

The private institute consists of a reception area, sitting area, kitchenette, toilets, storage and four learning rooms. Shop internal area is approximate 163sqm.

The upper floor house consists of an open plan sitting/dining area, kitchen, guest toilet, main bathroom and three bedrooms [the master bedroom with shower en-suite]. Internal house area is approximate 176sqm plus approximate 43sqm covered verandas.

It is noted that the shop is rented for €650/month and the houses is rented for €700/month. The building is rented with total yield of 3.8%.

Extra: Storage Room, 2 Covered Parking Spaces, A/C.

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
€748 ($783)
If buying on joint names
€748 ($783)
Transfer fees
If buying as an individual
€13,400 ($14,041)
If buying on joint names
€10,000 ($10,478)

Disclaimer - Property reference 1195539. 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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