viotopo - Cyprus real estate marketplace

Property 2200 Geri, Nicosia / 36463

Prime Corner Property Ideal For Commercial And Residential Use.

-55%

Opportunity!

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Why is this Property Classified as an Opportunity?

Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.

Nicosia Indicative Price

2,410.67 €

This Property

1,091.45 €

For Sale • Deal

370,000€

Estimated Mortgage

/month

339

m2

966

Plot m2

Community

Property Type

Building

Bathrooms

3

District

Nicosia

Covered/Built m2

339 m2

Plot m2

966 m2

Property Description

Prime Location • Central & Lively Area: Ideal for both commercial and residential use, the property is nestled in a vibrant area with a variety of amenities within walking distance. • Convenient Access: Close to shops, supermarkets, banks, schools, and more, providing excellent access to neighboring municipalities and communities. • Proximity to Key Landmarks: Within walking distance to the "A" Primary School of Geri and Agios Minas Church.

External Features • Corner Location: Enhances visibility and accessibility. • Recently Renovated: Although approximately 45 years old, the building has undergone recent renovations, ensuring modern functionality and appeal. Internal Characteristics

• Ground Floor:

  • o Commercial Space: The ground floor hosts a versatile shop/private institute.
  •  Layout: Includes a reception area, sitting area, kitchenette, toilets, storage, and four learning rooms.
  •  Size: Approximate internal area of 163 sqm.
  • o Covered Parking: Convenient parking space for tenants and customers.

• Upper Floor:

  • o Residential Apartment: Spacious and well-designed for comfortable living.
  •  Layout: Features an open plan sitting/dining area, kitchen, guest toilet, main bathroom, and three bedrooms (including a master bedroom with an en-suite shower).
  •  Size: Approximate internal area of 176 sqm, plus an additional 43 sqm of covered verandas.
  • Advantages & Special Features
  • • Investment Potential: The shop is currently rented at €650/month, providing immediate rental income.
  • The upper-floor apartment is vacant and ready for occupation or further rental opportunities.
  • • This mixed-use building combines prime location, modern amenities, and a blend of commercial and residential spaces, making it an ideal investment opportunity in Geri Municipality, Nicosia.
  • • Accessibility: Easy access to Nicosia city center enhances the appeal for both tenants and owners.

Sustainability

Energy Efficency Rating

No Required/ Pending

Property Highlights

Veranda/Porch

Resale

Unfurnished

Location

Property 2200 Geri, Nicosia / 36463
Fox Smart Estate Agency
Fox Smart Estate Agency

Fox Paphos Office

License 344/E

33/479

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Transfer Fees

Transfer Fees Individual

11,400 €

Transfer Fees Joint Names

8,000 €

Stamp Duty

648 €

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