€2,200,000 $2,356,311
NCH Real Estate
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Pay in USD and save up to $82,471Key features
- Listing ID: 1529381 (52800)
- Plot: 784 sqm
Description
Commercial building in Nicosia city center for sale.
The area of the plot is 784 m2. The building has approximately 890m2 and it consists of a basement of 230 m2, two shops (126 m2 and 94 m2 plus mezzanines) and four apartments, two on each floor (two of 126 m2 with 3 bedrooms, facing the road, and two of 94 m2 with 2 bedrooms, on the northeast side of the building). The is also two shops; the larger shop is facing the road and the smaller one is behind the building's staircase, with access from the driveway on the southeast of the plot. Behind the building there is empty space, which accommodates the parking of 13 cars. The building is completely vacant.
The plot is in the “Commercial Development Core” urban planning zone, which allows a construction factor of 250% (which can be increased under specific prerequisites). The permissible cover is 70% from the ground to the fourth floor and 60% for the remaining floors. The permissible height of the building and the permitted number of the floors will be specified by the authorities, when the construction factor is specified, depending on the use made of the motives provided. We have information that at least 14 floors may be built.
There is also a preliminary design for a 13 storey building.
Price: 2,200,000 NO VAT
Reference number: 52800
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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