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For Sale Mixed use Building in Nicosia Centre, Nicosia

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Ref: B-95072
Asking Price
€5,000,000
Loan Installment

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Available
Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Location: Nicosia, Nicosia Centre, Cyprus
  • Internal Area: 1200sqm
  • Mezzanine: 100sqm
  • Price: €5,000,000
  • VAT: Included
  • Date Available From: 1st May 2018
  • Loan Installment: €23,715

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: €5,000,000
Own Contribution (35%): €1,750,000
Loan Amount (65%): €3,250,000
Interest rate: 3.8%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 21 Years
  • Floors: 6
  • Plot/Land Size: 512sqm
  • Reference: B-95072
Miranda Stylianaki
Mobile: (+357) 99641139

Nicosia
Address: Nicosia Georgiou Davari Office
This building is located in the very heart of the business centre of Nicosia and its value is expected to rise even higher upon completion of the main square, due in a few months. It consists of a shop on the ground floor with a mezannine, plus 5 floors on top. There are plans in place for the addition of another 7 floors to be added, which can be either offices or residential flats. Currently the total area of the building is 1,200 square meters, not counting the basement of another 400 sm. Upon completion of the suggested floors, the building will have a total area of approximately 2,000 square meters. There are 13 parking spaces in the basement and more on the ground floor area. The price is negotiable and represents the building as is now. Serious offers only please!
FOR MORE INFORMATION KINDLY CONTACT ME DIRECTLY ON 99641139!
Attributes
Heating
Yes
Parking-Covered
Parking-Uncovered
Zone (ie. H2)
ΠΕΖ
Zone type
Mixed Use
Building density (%)
250
Coverage ratio (%)
70
Floor allowance
12
Use of building
Commercial
No of parking spaces
13
Years in Operation
20
Air Conditioning

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