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Mixed use Building in Nicosia, Nicosia Centre, Nicosia


Nicosia Centre, Nicosia

REF: B-106654
€600,000
ENQUIRE NOW
Available
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus
Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Internal Area (sq.m.)
592m2
Plot/land (sq.m.)
384m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Property Label: Investment Property
  • Location: Nicosia, Nicosia Centre, Cyprus
  • Internal Area: 592sqm
  • Covered Verandas: 60sqm
  • Uncovered Verandas: 70sqm
  • Price: €600,000
  • VAT: N/A
  • Loan Installment: €2,941

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: €600,000
Own Contribution (30%): €180,000
Loan Amount (70%): €420,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 39 Years
  • Total No of Floors: 2
  • Plot/Land Size: 384sqm
  • Units: 8
  • Reference: B-106654
  • Energy Efficiency Certificate: In Progress

Property Description

A mixed use building, suitable for a variety of purposes, available in the most scenic area of old town, close to Archbishop's Palace and the new Cathedral.

The building consists of 4 shops at the ground-floor area, 4 apartments (2 at first floor and 2 at second floor) and a ground-floor parking area. Three of the apartments are internally unfinished as shown in the pictures, giving more possibilities to the buyer.

The property has no limitations as it is not considered a preserved construction, increasing even more the buyer's potentials.


The building falls into Κα-α residential zone, with 140% building density, 70% coverage and 2 floor allowance (8 meters height).
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Additional Details

Parking-Covered
Zone (ie. H2)
Κα-α
Zone type
Mixed Use
Building density (%)
140
Coverage ratio (%)
70
Floor allowance
2
Title deed or under separation
Title deed available
Use of building
Mixed Use
No of parking spaces
5

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