€340,000 $354,212
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Pay in USD and save up to $12,397Key features
- Listing ID: 1349530 (28407)
- Plot: 1060 sqm
Description
Ground floor commercial building with a mezzanine in Pera Chorio community, in Nicosia District.
The property enjoys very good access to the motorway. Furthermore, it is situated close to a plethora of amenities and services.
The level of construction and maintenance of the building is good. It comprises on the ground floor of an open shop area, a storage room and a women's/men’s w/c.
The mezzanine consists of a customer service area, 2 storage rooms, a kitchen, a shower room with a toilet and a server room.
The area of the ground floor is 440 sqm (approx.) and the mezzanine 130 sqm (approx.).
It is worth noting that part of its eastern part is affected by the road widening scheme.
The property is rented with a contract until 30/06/2047 with the current rent being €1500/month with an increase in the rent every five years as follows:
• 01/07/2027 - 30/06/2032: €1575/month
• 01/07/2032 - 30/06/2037: €1650/month
• 01/07/2037 - 30/06/2042: €1750/month
• 01/07/2042 - 30/06/2047: €1840/month.
For more information please contact our office.
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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