490m² Commercial for Sale in Nicosia District

Nicosia district Posted 2 years ago Updated 3 months ago

490 m²Covered area

Pre-OwnedCondition

1990 and olderBuilt

Storage room

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1st Class Homes Agency · R.N.:690 L.N.:367/E 6,704 for sale

About this home

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Ground floor shop with mezzanine level in a central location in Panagia Quarter, in Nicosia Municipality. The property is situated close to a plethora of amenities and services such as shops, restaurants, schools etc. In addition, it enjoys excellent accessibility to Nicosia city center.
The shop is located on the whole ground floor of the building and operates as a gym. The shop consists of open plan gym area on the ground floor and two separates stairs that leads to the mezzanine. The mezzanine consists of open plane space, kitchen, 4 toilets and showers. The ground floor area is of 409sqm.
The shop has a large shopfront as it is facing two roads.
It is important to note that the property has separate title deed.
The property is rented for €1500/month and provides return of 4.7%.

Reference: 31753
Property type: Other Commercial
Construction year: 1990 and older
Heating: Yes
Air conditioning: Yes
Title deed: Has Title

What it will really cost

Asking price€380,000

Title transfer fee ~€11,800

Title deedHas Title

Estimated total€391,800

Mortgage estimate

Deposit Interest rate Term

Monthly payment—

Estimate only. Legal fees, stamp duty and mortgage costs are not included.

How the price compares

55% below
average

At €776/m² compared with an average €1,730/m² across 115 similar listings — other commercial in Nicosia.

Asking price per m²This home

Average €1,730 This home €776

€568€2,944€5,319

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