Ref. No. 21188 Warehouse

€610,000 No VAT
Egkomi Nicosia
Warehouse Commercial
272m² Covered
558m² Plot
Property Consultant Gareth Ronweil

Property Description

This property is a commercial space formerly used as a restaurant in Makedonitissa, Nicosia.

The property is adjacent to Hadjigeorgaki Kornesiou Street, c. 70m north of the Cyprus Expo, c. 700m north of Makario Stadium and c. 185 west of Ilia Papakyriakou Avenue.

The property comprises of a 272sqm ground floor consisting of an open plan dining area, kitchen and storeroom and a 253sqm basement that consists of parking spaces, storeroom, toilets and staff locker room. In the basement, there is also a 54sqm auxiliary space. Access to the basement is via an internal staircase and an external ramp.

The immediate area of the property comprises of residential developments and numerous commercial developments.

The property falls within residential planning zone Κα5 with building density coefficient of 100%, coverage coefficient of 50%, in 3 floors and a maximum height of 13,5m.

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

€22,128
BUYING AS AN INDIVIDUAL
€21,000 Transfer fees + €1,128 Stamp Duty
€18,728
BUYING ON JOINT NAMES
€17,600 Transfer fees + €1,128 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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