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The property under consideration is a retail shop located in Strovolos, Nicosia, The property consists of an open plan area, 2 kitchens and 2 toilets. Externally the property offers a covered and uncovered verandas and exclusive right of use of two uncovered and two covered parking spaces.
The asset is located at 56 Stadiou str., about 350m north of Chryseleousas Primary school and approximately, 600m south of the European University of Cyprus.
The property falls within a duel Zone Κα4(64%), with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction and Zone Εβ (35%) , with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
There is a separate title deed for this property.
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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