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Commercial Building for sale in Nicosia Walled Old City, Nicosia

Nicosia Walled Old City, Nicosia, Cyprus
Commercial Building for sale in Nicosia Walled Old City, Nicosia 227 Nicosia Walled Old City
10500000 €10,500,000  ($11,086,287)
Commercial Building
Nicosia Walled Old City, Nicosia

€10,500,000  ($11,086,287)

Fox Smart Estate Agency Nicosia

Fox Smart Estate Agency Nicosia

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/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 $388,020

Average Bank Rate (€10,500,000)
1 USD = 0.9151 EUR
$11,474,307

Mid-market rate (€10,500,000)
1 USD = 0.9471 EUR
$11,086,287

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: 1153252 (16783)

Description

This asset is Nicosia Center, near the city walls. The asset comprises of:
-A common area of c. 450sqm
-Shop 1 of 185sqm and a 63sqm mezzanine
-Shop 2 of 177sqm and a 23sqm mezzanine
-Shop 3 of 312sqm and a 145sqm mezzanine
-Shop 4 of 115sqm
-Shop 5 of 75sqm and a 44sqm mezzanine
-The three level underground parking with 154 parking spaces of c. 4,500sqm
The asset also benefits from an unused building density of c. 2.500sqm.
The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.
The asset is partially occupied.
The asset falls within two planning zones:
-ΠΕΖ with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.
-ΕΖ with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

 

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
€20,908 ($22,075)
If buying on joint names
€20,908 ($22,075)
Transfer fees
If buying as an individual
€416,600 ($439,862)
If buying on joint names
€413,200 ($436,272)

Disclaimer - Property reference 1153252. 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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