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Commercial, Mixed use Building in Old City, Nicosia


Old City, Nicosia

REF: B-119392
€1,300,000
ENQUIRE NOW
Available
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus
Property for Sale in Nicosia, Old City, Cyprus

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Internal Area (sq.m.)
748m2
Plot/land (sq.m.)
243m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Commercial, Mixed use
  • Property Label: Investment Property and Development Property
  • Location: Nicosia, Old City, Cyprus
  • Internal Area: 748sqm
  • Price: €1,300,000
  • VAT: N/A
  • Loan Installment: €6,372

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: €1,300,000
Own Contribution (30%): €390,000
Loan Amount (70%): €910,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 65 Years
  • Total No of Floors: 4
  • Plot/Land Size: 243sqm
  • Exclusive Listing: Yes
  • Reference: B-119392
  • Energy Efficiency Certificate: In Progress

Property Description

FEW STEPS AWAY FROM "FREEDOM SQUARE" AND IMMEDIATE ACCESS TO "LAIKI GEITONIA" TOURIST AREA of the old city!!!!
This is one rare building available for sale within the city walls but specially located at the >>best spot of the old city<<

Four-level building with shops with a frontage of 20 meters:
- The building consists of 3 shops at the street level and 3 floors above with 2 flats on each floor
- The floor plan can be rearranged and become either offices or small studio rooms for AirB&B (plans of the floors are attached below)
- There is a huge demand from tenants at this spot either for offices or flats
- It is served with 2 streets, the main road in front and the other at the backside.
- 3 out of the 6 flats and 2/3 of the shops are rented for €34,000 / year.
- The empty flats and shops can be renovated and rented at the best price.
- Occupied flats and shops can also be negotiated for emptying them.

For more information regarding the building and/or to arrange a viewing, please contact me anytime at my telephone number 00357 - 94055594
Dimitris Vasiliou logo

Dimitris Vasiliou

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Additional Details

Zone (ie. H2)
ΠΕΖ-εν
Zone type
Commercial
Building density (%)
180
Coverage ratio (%)
70
Floor allowance
3
Use of building
Commercial

Floorplan

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