Ref. No. 21017 Building
€3,500,000
No VAT
Nicosia Town
Nicosia
Building
Commercial
3000m²
Covered
1156m²
Plot
Property Consultants
Cyprus Investments
Property Description
This property is a commercial building located on the corner of Makariou Avenue and Amaldas Street, Nicosia.
The building comprises of five shops on the ground floor and four floors of offices and a basement. All five shops are occupied while the four floors are vacant.
The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. Along Makariou Avenue there are numerous shops, cafeterias and banks as well as offices for many companies and government agencies.
The property falls within planning zone ΠΕΖ-Εκτος with building density coefficient of 250%, coverage coefficient 70%.
Owner: Pelika Properties Ltd (owner of 2/3 share of the building)
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
The building comprises of five shops on the ground floor and four floors of offices and a basement. All five shops are occupied while the four floors are vacant.
The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. Along Makariou Avenue there are numerous shops, cafeterias and banks as well as offices for many companies and government agencies.
The property falls within planning zone ΠΕΖ-Εκτος with building density coefficient of 250%, coverage coefficient 70%.
Owner: Pelika Properties Ltd (owner of 2/3 share of the building)
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
Property Features
No VAT
Transfer Fees
€143,508
BUYING AS AN INDIVIDUAL
€136,600 Transfer fees + €6,908 Stamp Duty
€140,108
BUYING ON JOINT NAMES
€133,200 Transfer fees + €6,908 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
