Ref. No. 21046 Shop

€295,000 No VAT
Nicosia Town Nicosia
Shop Commercial
35m² Covered
Property Consultant Gareth Ronweil

Property Description

This property is a shop (No.7C) on the ground floor of a commercial building in Agios Antonios, Nicosia.

The property is adjacent to Piraeus Street, c. 90m east of Kallipoleos Avenue, c. 450m southwest of the University of Cyprus and c. 600 meters east of Limassol Avenue.

The property comprises of a 35sqm open plan ground floor with a toilet and a 16sqm mezzanine. The property enjoys the exclusive rights to utilize the c. 766sqm unused building density onto the vacant area of the plot and the roof of the existing commercial building.

The immediate area of the property comprises of residential developments, as well as commercial developments along Kallipoleos Avenue. It enjoys excellent access to both the center of Nicosia and the motorway.

The property falls within residential planning zone Κα3 with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m.

Reg.No.: 1/1818

EPC: Pending Energy Certificate

Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 26/11/2021.

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

€8,898
BUYING AS AN INDIVIDUAL
€8,400 Transfer fees + €498 Stamp Duty
€6,173
BUYING ON JOINT NAMES
€5,675 Transfer fees + €498 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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