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This asset is a seven-storey commercial building in Nicosia City Center.
The asset consists of:
-A basement of 200 sq.m. comprising of 20 parking spaces.
-A ground floor shop consisting of c. 490sqm that consist of open plan retail area, open plan office area, offices and sanitary areas and a 250 sq.m. mezzanine that consist of an office and sanitary areas.
-A mechanical floor of 100 sq.m. that consists of a cafeteria, a kitchen, storage area and large uncovered balcony.
-Floors 1-5 of 367 sq.m. each that consist of offices and sanitary areas.
-Floor 6 of 270 sq.m. that consists of a reception area, conference room, three offices, covered balconies and sanitary areas.
Access to the whole building is provided through elevators and a staircase.
The immediate area of the property comprises of commercial developments such as commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.
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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