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2894m² Building for Sale in Strovolos - Archangelos, Nicosia District

Posted: 8 months ago
Modified: 5 months ago
Views: 6

Brand New
2894m²

€2 500 000
+ VAT

Price per m²

€864/m²

VAT

Not Included in Price

VAT for this property is €456,859 (Reduced 5% rate) or €475,000 (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

Ref. #: SA27104
Plot area: 2353m²

Energy Efficiency: N/A

Reference ID: #SA27104
Price details: €2,500,000 +VAT

This asset is an incomplete commercial building and the adjoining a piece of land in Strovolos, Nicosia.

The asset comprises of a ground floor showroom of 319sqm with a 159sqm mezzanine, two office floors of 382sqm each, a third floor apartment of 195sqm and a two level basement of 1457sqm. The undeveloped piece of land has an area of c. 1240sqm. The shop has a large storefront and can accommodate many retail uses.

The immediate area comprises of residential developments as well as commercial developments along Kantaras Avenue. The asset enjoys great accessibility due to its proximity to the Nicosia peripheral road.

The asset falls within two planning zones:

– Eβ5 with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.

– Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.