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Building with shop and flats in the old city main road fully rented for investment

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Ref: B-97740
Asking Price
€370,000
Loan Installment

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Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Mixed use
  • Location: Nicosia, Old City, Cyprus
  • Internal Area: 680sqm
  • Price: €370,000
  • VAT: N/A
  • Loan Installment: €1,661

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: €370,000
Own Contribution (35%): €129,500
Loan Amount (65%): €240,500
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 38 Years
  • Total No of Floors: 4
  • Plot/Land Size: 194sqm
  • Reference: B-97740
Dimitris Vasiliou
Mobile: (+357) 99478911

Nicosia
Address: Nicosia Georgiou Davari Office

Building ideal for investment very close to the "new" Eleftherias square (just 400m away), sits on a main road with high visibility and views of the old city Venetian walls. The building sits on a plot that is connected with two roads in front and at the back and there is a path on the left side that connects the two roads. The building consists of a large double shop on the groundfloor with 113sq.m. plus a mezzanine with another 113sq.m. and also connected by internal ladder to a 150sq.m. basement which has access from the back street also, plus a three bedroom 150sq.m. apartment on the first floor with 38sq.m. covered veranda, and another two bedroom 150sq.m. flat with 45sq.m. covered veranda. The shops have high ceiling which is consider an advantage and has two toilets plus another two toilets at the mezzanine. The apartment on the second floor has a detached kitchen, a bathroom, plus a guest toilet and two verandas facing both streets. The apartment on the first floor also has a detached kitchen, a bathroom plus a guest toilet and also two covered verandas facing both streets. Both apartments have air-conditions and central heating. The property has title deed and building license and the building zone is Ka-a with 140% building factor and 70% covered factor, aloud to build up to 2 floors and 8 meters high. The building status now is 5 floors including basement, ground floor, mezzanine, 1st floor apartment, 2nd floor apartment. Please contact for more information's or to arrange viewing.

Heating
Yes
Zone (ie. H2)
Ka-a
Building density (%)
140
Coverage ratio (%)
70
Floor allowance
2
Title deed or under separation
Yes
Use of building
Mixed Use
Air Conditioning
Floorplan

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