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For Sale Unique Mixed-use Building in Nicosia Centre


Agios Savvas, Nicosia

REF: B-108992
€1,100,000
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
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
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.)
500m2
Plot/land (sq.m.)
332m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Property Label: Investment Property
  • Location: Nicosia, Nicosia Centre, Cyprus
  • Internal Area: 500sqm
  • Covered Verandas: 30sqm
  • Uncovered Verandas: 30sqm
  • Price: €1,100,000
  • VAT: N/A
  • Loan Installment: €4,938

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: €1,100,000
Own Contribution (35%): €385,000
Loan Amount (65%): €715,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 45 Years
  • Renovation Year: 2000
  • Total No of Floors: 2
  • Plot/Land Size: 332sqm
  • Units: 2
  • Reference: B-108992

Property Description

A unique mixed-use building, suitable for a variety of purposes, available in the most scenic area of old town, close to Agios Savvas Church, steps away from Laiki Geitonia and Ledras str.

The building consists of 2 renovated units of 250sq.m internal areas, each.

The ground-floor property is a licensed office that can be used for a variety of purposes. It consists of an entrance hall, 4 rooms/offices, a spacious kitchen, 2 WC and a bathroom.

Internally, this property features, a/c split units, all necessary electrical appliances in the kitchen, double glazed windows, good quality ceramic tiles and good quality furniture. Externally, the property features a beautiful yard and terrace, additionally to the driveway which easily can fit 2 cars.

The upper floor property is a residential apartment of 250sq.m internal areas and 5 bedrooms. Aside the 5 bedrooms, the apartment consists of an entrance hall, a very spacious sitting and dining area, a beautiful bar, a spacious and equipped kitchen, a full bathroom, an en-suite shower and WC in the master bedroom and a storage unit.

Internally, this property features, a/c split units, brand new central heating, all necessary electrical appliances in the kitchen, double glazed windows, top quality wooden floors and good quality furniture. Externally, the property features 3 balconies, a roof garden, a photovoltaic system to cover its electricity needs, and a parking place, spacious enough to fit 2 cars.


The property has the right to expand to a third floor as well, with no limitations as it is not considered a preserved construction, increasing even more the buyer's potentials.


The building falls into ΕΖ zone, with 160% building density, 70% coverage and 3 floors allowance (11.5 meters height).
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Additional Details

Heating
Yes
Parking-Covered
Parking-Uncovered
Zone (ie. H2)
ΕΖ-εν
Zone type
Mixed Use
Building density (%)
160
Coverage ratio (%)
70
Floor allowance
3
Title deed or under separation
Title deed available
Use of building
Mixed Use
No of parking spaces
4
Air Conditioning

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