€700,000 $741,731
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Pay in USD and save up to $25,961Key features
- Listing ID: 1057018 (altia105)
- Total covered area: 2363 sqm
- Plot: 2945 sqm
Description
A corner industrial warehouse/showroom situated in Strovolos, Nicosia industrial area.
The property is divided to a warehouse and a showroom/office space on the ground floor and a showroom, storage and office space on the top level, and was used by a furniture company.
The exterior consists of a number of covered and uncovered parking areas and various temporary outbuildings.
The current lease term expires on 30/04/2045 and there is an option to renew for a further 33 years, i.e. until 2078
The property also benefits from a total road frontage of approximately 100m.
The property is subject to a partial vat treatment which the land value will be subject to 19% vat and the rest of the sale price will be subject to transfer fees
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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