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Building in Kaimakli, Nicosia

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Ref: B-67586
Asking Price
€4,035,000
Loan Installment

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Property for Sale in Nicosia, Kaimakli, Cyprus
Property for Sale in Nicosia, Kaimakli, Cyprus
Property for Sale in Nicosia, Kaimakli, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Location: Nicosia, Kaimakli, Cyprus
  • Internal Area: 3015sqm
  • Price: €4,035,000
  • VAT: N/A
  • Loan Installment: €19,138

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €4,035,000
Own Contribution (35%): €1,412,250
Loan Amount (65%): €2,622,750
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Property Floor: 3
  • Reference: B-67586
Antonis Antoniades
Mobile: (+357) 97767247

Nicosia
Address: Nicosia Georgiou Davari Office
A three storey building formerly occupied by a supermarket, which has been erected on three adjacent plots. The property is located in Kaimakli in Nicosia. The supermarket, on the ground floor, is of total area of 2.115 sqm and consists of a main store with cashier points, a fruit market, a bakery, a meat/fish market and refrigerators. The mezzanine has a total area of 900 sqm and comprises of office rooms, kitchen and toilets.There is also a basement with a total area of 1.575 sqm which is used as parking place. It is noted that the building has been erected on two of the plots, whereas the third plot is used as a parking. The property falls within the following two Planning Zones: Industrial zone Βα1/ΒΕ1 with a maximum building density coefficient of 160% and a land coverage coefficient of 50% over 4 floors. Special Area zone ΕΠ6 with a maximum building density coefficient of 160% and a land coverage coefficient of 50% over 2 floors. The local area around the property is highly developed with residential and commercial units such as offices, showrooms, apartments and houses. The asset enjoys good accessibility to the Nicosia city centre and the surrounding areas. Total Land Area: 6.159 sqm. All urban features must be checked with the proper authorities.
Attributes
Use of building
Commercial

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