€595,000 $623,732
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Pay in USD and save up to $21,831Key features
- Listing ID: 1290996 (31613)
Description
Listed building for sale, Nicosia with income
The revenue generated is “tax free” for income tax purposes.
Listed building for sale, Nicosia
The revenue generated is “tax free” for income tax purposes.
Rental Agreement (Proposed)
Term: 5 Years + 5 years
Rent per month (euro): 2.500 euro
Yield: 5.0%
Covered Internal: 200 sqm
Lower ground floor: 95 sqm
Asset quality: Good
Air-conditioning: VRV
Title Deed Available
A two-story listed building (restoration completed) with offices in, Nicosia located
The building is dated 1885 and 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 that is accessed . Internally 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. Externally there is small backyard and uncovered parking space.
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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