Mixed Use Project for sale in Nicosia Walled Old City, Nicosia

Mixed-use two-storey building located within the walls of Nicosia in the Agios Savvas Quarter, 200 meters east of Eleftherias Square and 70 meters northwest of the roundabout, known as “OXI".It is an area that boasts busy commercial activity and a variety of dining and entertainment options.The building is about 18 years old and consists of a shop with a mezzanine level on the ground floor and an apartment on the first floor.The shop consists of an open plan display space on the ground floor and an open plan area with a kitchenette, a storage room and a toilet on the mezzanine level. The apartment consists of an open plan living area and kitchen that’s exits onto an uncovered veranda, a bathroom with WC and one bedroom.Shop area: 62sq.m. ground floor and 28sq.m. mezzanine level.Apartment area: 62sq.m. internal area and 3sq.m. uncovered veranda.The desirable location of the property makes it a unique investment opportunity.The shop is rented for €600/month and the apartment for €250/month with a total return of 6.2%.It lies within the Commercial Zone (ΠΕΖ-εν) with a building density of 180%, a coverage density of 70%, maximum floors 3 and maximum height 11.50 meters. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Nicosia Municipality: Nicosia Municipality Quarter: Agios Savvas