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Office for sale in Nicosia Walled Old City, Nicosia

Nicosia Walled Old City, Nicosia, Cyprus
Office for sale in Nicosia Walled Old City, Nicosia 233 Nicosia Walled Old City
595000 €595,000  ($648,298)
Office
Nicosia Walled Old City, Nicosia

€595,000  ($648,298)

Fox Smart Estate Agency Nicosia

Fox Smart Estate Agency Nicosia

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $22,690

Average Bank Rate (€595,000)
1 USD = 0.8868 EUR
$670,988

Mid-market rate (€595,000)
1 USD = 0.9178 EUR
$648,298

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: 1151966 (6662)
  • Plot: 107 sqm

Description

For a two-story ed listed building with offices in Nicosia City Center
(Investment Opportunity with yield +/-5%)
Location
·        The building is situated near Eleftherias Square and was recently renovated.
·        Within walking distance, one can find restaurants, cafeterias and the old city of Nicosia.
·        There are many office buildings in the area, and it is close to the Business Center.
·       Easy access is also available for the Nicosia – Limassol highway.
External Features
·        The building is considered as an archaeological monument.
·        It is on elevated land affording nice views of the city especially from the upper floor.
·       It is a building of 2 floors and the size of the building is 190sq.m.
·       Its external look is an example of the traditional architecture.
·       Externally, there is small backyard and uncovered parking space.
Internal Characteristics
·       It was constructed with traditional materials like Cypriot stone, wooden roof with traditional roof tiles and was retrofitted with a metallic staircase and an elevator.
·       The floors are parquet wood in all areas on the 1st floor and ceramic clays on the ground floor. It has single glazed wooden windows and wooden shutters.
·        The asset consists of large open spaces used as office areas, two smaller used as a private office and conference room. There is a kitchenette, two toilets and storage in the lower ground floor as well as disabled toilet on the floor.
Advantages - Special Features
·       Installed split unit air conditioners in the bedrooms and living room.
·       The building is ed and the Rental Agreement proposed term is 5+5 Years.
·       Rent per month €2,500.
·       Yield +/- 5%.
 
 

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
€1,098 ($1,196)
If buying on joint names
€1,098 ($1,196)
Transfer fees
If buying as an individual
€20,400 ($22,227)
If buying on joint names
€17,000 ($18,523)

Disclaimer - Property reference 1151966. 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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