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563m² Building for Sale in Nicosia

ID: 853767
Posted: 12 months ago
Modified: 1 week ago

Under Construction
563m²

€2 500 000
+ VAT

Price per m²

€4440/m²

VAT

Not Included in Price

VAT for this property is €381,750 (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. #: SA25924
Parking: Yes, Covered
Pool:No

Energy Efficiency: N/A

Reference ID: #SA25924Price details: €2,500,000This asset is a spacious shop on the ground floor of the building in Engomi, Nicosia.The asset comprises of a ground floor showroom of 563sqm with a 253sqm mezzanine and a basement of 291sqm. The shop has a large storefront and can accommodate many retail uses. It also enjoys the use of 13 parking spaces in the basement and 6 uncovered parking spaces at ground level. The immediate area of the property is mainly developed with mixed use buildings, with retail units on the ground floor and offices or apartments on the floors above. Ilia Papakyriakou Avenue is a busy commercial street in Engomi which provides easy access to other areas of Nicosia.