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Commercial Building in Chriseleousa, Strovolos, Nicosia


Chriseleousa, Nicosia

REF: B-119370
€1,650,000
ENQUIRE NOW
Available
Property for Sale in Nicosia, Strovolos, Cyprus
Property for Sale in Nicosia, Strovolos, Cyprus

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Internal Area (sq.m.)
550m2
Plot/land (sq.m.)
733m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Commercial
  • Property Label: Investment Property
  • Location: Nicosia, Strovolos, Cyprus
  • Internal Area: 550sqm
  • Mezzanine: 155sqm
  • Price: €1,650,000
  • VAT: N/A
  • Loan Installment: €8,088

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: €1,650,000
Own Contribution (30%): €495,000
Loan Amount (70%): €1,155,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 22 Years
  • Total No of Floors: 2
  • Plot/Land Size: 733sqm
  • Reference: B-119370
  • Energy Efficiency Certificate: In Progress

Property Description

Commercial building in an excellent location in Strovolos Municipality in one of the busiest Avenues of Nicosia.

The property is ideally situated close to a plethora of amenities and services.
In addition, it has excellent access to the city center and the motorway.

The building was constructed 22 years ago (approx.) and it is in a very good condition.
It consists of two basements with parking spaces, two ground floor shops with mezzanine level and offices on the upper floor.
The area of the shops is 300 sqm (approx.), the mezzanine 155 sqm (approx.), the offices 250 sqm (approx.) and the basements 1,100 sqm (approx.).

The property is rented for €6,780/month with a return of 4.9%. One office on the 1st floor is vacant.

It needs to be noted that the property falls within the commercial zone Εβ3, which allows for a building factor of 160%, and for the construction of a six-storey building.



Εμπορικό κτίριο σε εξαιρετική τοποθεσία στο Δήμο Στροβόλου σε μια από τις πιο πολυσύχναστες λεωφόρους της Λευκωσίας.

Το ακίνητο βρίσκεται σε ιδανική τοποθεσία κοντά σε μια πληθώρα ανέσεων και υπηρεσιών και έχει εξαιρετική πρόσβαση στο κέντρο της πόλης και στον αυτοκινητόδρομο

Το κτίριο κατασκευάστηκε πριν από 22 χρόνια (περίπου) και είναι σε πολύ καλή κατάσταση.

Αποτελείται από δύο υπόγεια με θέσεις στάθμευσης, δύο ισόγεια καταστήματα με ημιώροφο και γραφεία στον επάνω όροφο.
Το εμβαδόν των καταστημάτων είναι 300 τμ (περίπου), ο ημιώροφος 155 τμ (περίπου), τα γραφεία 250 τμ (περίπου) και τα υπόγεια 1.100 τμ (περίπου).

Το ακίνητο ενοικιάζεται 6.780€/μήνα με απόδοση 4,9%. (Ένα γραφείο στον 1ο όροφο είναι κενό).

Αξίζει να σημειωθεί ότι το ακίνητο εμπίπτει στην εμπορική ζώνη Εβ3 που επιτρέπει συντελεστή δόμησης 160%, και για ανέγερση εξαώροφης οικοδομής.

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Additional Details

Parking-Covered
Building density (%)
160
Floor allowance
6
Title deed or under separation
Title deed YES
Use of building
Commercial
No of parking spaces
50

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