Ref. No. 20925 Shop

€460,000 No VAT
Nicosia Town Nicosia
Shop Commercial
264m² Covered
Property Consultant Gareth Ronweil

Property Description

Corner shop with basement of a total area of 264 sqm located on the left side of the building in Agioi Omologites, Nicosia. The property is adjacent to Kennedy Avenue on its southern boundary, at a distance of 830 meters west of the junction of Archipishop Makariou III and Kennedy Avenues.

A spacious ground floor of a total area of 173 sqm consisting of kitchens, dining area and hygiene facilities.  The basement of a total area of 91 sqm consists of a storage area and management offices.

The property has the right of use of six (6) car parking spaces in the rear of the building.

Kennedy Avenue is established as one of the busiest streets in Nicosia with a mixture residential and commercial properties.

The property falls within the Commercial zone Εβ3 with a maximum building density coefficient of 160% and a land coverage coefficient of 50% over 6 floors and 24 metres height.

Owner: Nalmosa Properties Limited 

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

€15,828
BUYING AS AN INDIVIDUAL
€15,000 Transfer fees + €828 Stamp Duty
€12,428
BUYING ON JOINT NAMES
€11,600 Transfer fees + €828 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.
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