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For Sale 11 Shops on the ground floor in Agios Savvas, Nicosia


Agios Savvas, Nicosia

REF: S-104481
€1,200,000
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Property for Sale in Nicosia, Agios Savvas, Cyprus
Property for Sale in Nicosia, Agios Savvas, Cyprus

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Internal Area (sq.m.)
1096m2
Plot/land (sq.m.)
1096m2

Property Details

Property Details
  • For Sale
  • Property Type: Shop
  • Location: Nicosia, Agios Savvas, Cyprus
  • Internal Area: 1096sqm
  • Price: €1,200,000
  • VAT: N/A
  • Loan Installment: €5,387

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: €1,200,000
Own Contribution (35%): €420,000
Loan Amount (65%): €780,000
Interest rate: 3%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 60 Years
  • Total No of Floors: 4
  • Plot/Land Size: 1096sqm
  • Units: 35
  • Reference: S-104481

Property Description

This asset comprises of 11 shops on the ground floor with a total area of 827 sqm. - part of a four-storey mixed-use building in Agios Savvas quarter, within Nicosia’s old city walls.

The immediate area of the property is within the old city walls of Nicosia comprising of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.

The asset falls within planning zone ΠΕΖ-ΕΝ with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.

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Additional Details

Zone (ie. H2)
ΠΕΖ-εν
Zone type
Mixed Use
Title deed or under separation
Title deeds available

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