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Building in Nicosia, Nicosia Centre, Nicosia

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Ref: B-67573
Asking Price
€6,000,000
Loan Installment

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Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Property Details

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: €6,000,000
Own Contribution (35%): €2,100,000
Loan Amount (65%): €3,900,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Property Floor: 6
  • Reference: B-67573
Antonis Antoniades
Mobile: (+357) 97767247

Nicosia
Address: Nicosia Georgiou Davari Office
A six storey commercial building with a total area of 3.245 sqm (plus 1.370 sqm basement) located in a central location in Nicosia.The building consists of two levels of basement car parking (1,370 sqm), a ground floor (530 sqm), a mezzanine (465 sqm), and five floors above (2,250 sqm). The total land area is 1.324 sqm. The ground floor consists of a reception area, offices and showroom, the mezzanine, the 1st, the 2nd and the 3rd floor consist of an open plan showroom and the 4th and 5th floors consist of offices. It is noted that on the terrace, a metallic construction has been erected which consists of a conference room and a library. The two basements of the building are used as a showroom. The property falls within the commercial planning zone Εα3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height. The area is established as one of the busiest in Nicosia with a mixture of residential and commercial properties. Most local buildings consist of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. All urban features must be checked with the proper authorities.
Attributes
Use of building
Commercial

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