Property 1110 Nicosia / 49258
Prime Corner Mixed-use Building With Significant Development Potential.
21
For Sale • Deal
700,000€
Estimated Mortgage
/month
432
m2
552
Plot m2
Overview
Property Description
Location • Two-storey mixed-use building with basement, located in the Panagia Quarter of Nicosia Municipality. • The property located in an area offering a wide range of services and amenities. External Features
• Corner plot, rectangular in shape with a flat surface. • Total frontage of approximately 46m. • The property falls within Urban Planning Zone ΕΖ-α (Eastern Commercial Development Zone – Outside the Walls) with 200% building density, offering significant development potential. Internal Characteristics
The building was constructed around 1991 and comprises:
- • Basement (36 sq.m.) – Used as storage.
- • Ground Floor (211 sq.m.) with mezzanine 108 sq.m.
- • Part of the parking area has been enclosed.
• First Floor:
- o Flat 101 (137 sq.m.
- + 9 sq.m.
- uncovered veranda): Open-plan living/dining/kitchen, bathroom, covered verandas, two bedrooms (one with office area).
- o Flat 102 (84 sq.m.
- + 10 sq.m.
- covered veranda + 4 sq.m.
- uncovered veranda): Open-plan living/kitchen, office room, bathroom, two bedrooms (master en-suite).
- Advantages & Special Features
- • Prime corner position with high visibility
- • Mixed-use investment opportunity
- • Further residential & commercial development potential
- • 200% building density (Zone ΕΖ-α)
- • Ground floor currently rented for €1,700/month
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Electricity
Water
Location
47.85 kms
114.51 kms
1.16 kms
2.86 kms
2.98 kms
3.40 kms
3.47 kms
3.61 kms
3.91 kms
4.36 kms
4.53 kms
5.00 kms
5.23 kms
5.47 kms
7.47 kms
0.88 kms
1.37 kms
1.53 kms
1.81 kms
1.87 kms
2.12 kms
2.73 kms
2.98 kms
3.62 kms
3.73 kms
4.08 kms
4.13 kms
Transfer Fees
Transfer Fees Individual
24,600 €
Transfer Fees Joint Names
21,200 €
Stamp Duty
1,308 €