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Commercial Building in Old city, Nicosia


Old City, Nicosia

REF: B-103161
€480,500
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Available
Property for Sale in Nicosia, Old City, Cyprus

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Internal Area (sq.m.)
393m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Commercial
  • Location: Nicosia, Old City, Cyprus
  • Internal Area: 393sqm
  • Price: €480,500
  • VAT: N/A
  • Loan Installment: €2,157

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: €480,500
Own Contribution (35%): €168,175
Loan Amount (65%): €312,325
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 41 Years
  • Total No of Floors: 2
  • Reference: B-103161

Property Description

This asset is commercial building in Nicosia Center.
The asset comprises of:
-Two shops on the ground floor of 62sqm each and a storage space of 12qm.
-One two-bedroom apartment and two studio apartments on the first floor of a total 133sqm.
-One one-bedroom apartment and two studios on the second floor of a total 124sqm.
The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.The asset is partially occupied. The asset falls within commercial planning zone ΠΕΖ-Εντός, with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.
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George Themistokleous

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Additional Details

Zone (ie. H2)
ΠΕΖ
Building density (%)
180
Coverage ratio (%)
70
Floor allowance
3
Title deed or under separation
Title deed available
Use of building
Commercial

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