Property 1110 Nicosia / B-125018
For Sale Mixed Use Building In Nicosia
3
For Sale • Deal
3,800,000€
Estimated Mortgage
/month
2245
m2
537
Plot m2
Overview
Property Description
6 Floors Mixed Use Building in Nicosia for Sale. On one of the most commercial streets of the capital. The wider area of the property is mainly developed with mixed use buildings consisting of shops, flats, and offices. Excellent building condition since the building was ed and now the owner is continuing to maintain it properly.
Access to the building from two different streets, almost 360 views of Nicosia. 2,105sm internal area plus the 140sm basement. Basement, Ground floor plus 5 floors. Modern Elevator, good quality flooring, false ceiling, ACs, fire safety, fire exits, structured cabling.
Attached to a parking with 155 parking spaces. Valuated at 4,475,000 in 2022 and the s price is 3,800,000. Project eligible for 2,000,000 Grand for Student Accommodation Scheme. Existing plans for 43 rooms.
The government grant is given to convert existing buildings to Student Accommodation After 5 years of operation, conversion to any other use is possible. Architects estimation to convert to Student Accommodation is at 2,700,000 (+vat) so the project can receive 2,000,000 grant. Owner already applied for license and is waiting for approval. NO transfer fees since it is the only property owned by a company.
Suitable for Student Accommodation, Hotel, Offices, or Conversion to self-contained flats and Rental Income.
Sustainability
Solar Panels/ Photovoltaic
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Location
48.61 kms
113.10 kms
0.95 kms
1.43 kms
1.91 kms
2.04 kms
2.09 kms
2.50 kms
2.74 kms
2.83 kms
3.00 kms
3.58 kms
3.67 kms
3.90 kms
5.91 kms
0.19 kms
0.27 kms
0.30 kms
0.36 kms
0.67 kms
0.70 kms
1.16 kms
1.40 kms
2.32 kms
3.58 kms
4.61 kms
4.66 kms
Transfer Fees
Transfer Fees Individual
148,600 €
Transfer Fees Joint Names
145,200 €
Stamp Duty
7,508 €