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4773m² Building for Sale in Nicosia - City Center

ID: 853484
Posted: 1 year ago
Modified: 4 days ago

Under Construction
4773m²

€6 825 000
+ VAT
↑ €925 000 (15.68%)

Price per m²

€1430/m²

VAT

Not Included in Price

VAT for this property is €1,266,722 (Reduced 5% rate) or €1,296,750 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Price History

Ref. #: SA26242
Plot area: 1933m²
Parking: Yes

Energy Efficiency: N/A
Total Number of Floors: 9

Storage room

Reference ID: #SA26242Price details: €6,825,000 +VATLocated at the entrance of Nicosia, at what possibly can be described as the best location in Nicosia, the project offers easy access to the highway leading to the airport (30 minutes) and Limassol (45 minutes) as well as easy access to the Centre of Nicosia.The area has developed as a business Center with the Head Offices of the Hellenic Bank, the Head Offices of ex Laiki Bank (now Bank of Cyprus), insurance companies, Electricity Authority Offices etc., all located nearby.The plot size is 1.933 sq. m. Permits allows the construction of 4.773 square meters of office space and three basements providing 151 parking spaces and some store rooms.The proposed development consists of 9 floors providing flexible office space, ranging from 258 sq. m. to 740 sq. m. per floor. The design allows, amongst other, the flexibility for the building to be separated equally into two office buildings.The property belows to SPV and interested party can pay the shares of company.