#14774

For Sale, Five-storey incomplete building in Strovolos, Nicosia

2,200,000€

#14774

For Sale, Five-storey incomplete building in Strovolos, Nicosia

2,200,000€

covered_area_amount -
floors_building 5

Resale 2012

Property Description

A unique investment opportunity in a five-storey building with basement, located in a high demand and low supply areas for commercial and residential properties, in Strovolos -Chryseleousa, Nicosia .

A unique investment opportunity: A five-storey mixed-use building with a basement, located in a high-demand, low-supply area of Strovolos (Chryseleousa), Nicosia.This property offers a versatile layout, currently in an incomplete state, providing a developer or owner-occupier the opportunity to customize all internal finishes to their specific requirements. Building Composition: •Ground Floor Shop: Approx. 227 sq.m. •Mezzanine: Approx. 121 sq.m. •Floors 1–3: Office spaces of approximately 179,5 sq.m. per floor. •4th Floor: A spacious apartment/penthouse of approximately 194,5 sq.m. •Basement: 435 sq.m. comprising parking spaces and auxiliary/storage rooms. •Verandas: Approximately 98 sq.m. of covered outdoor space. Strategic Location:The building is situated within walking distance of universities, supermarkets, cafes, and restaurants.

The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
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Property Info

14774
2,200,000€
Nicosia

Details

Building Type: Mixed-use Building
Construction Stage: Resale
No. of Floors in building: 5
Parking: 14
Construction Year: 2012

Areas

Plot Area: 496m²
Total Area: 1,514m²
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.

 

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Five-storey incomplete building in Strovolos, Nicosia

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