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Mixed-use building in Egkomi, Nicosia

Ref No: 5730

€ 1,200,000 (-11.11%) € 1,350,000

Description

The property concerns a mixed-use building, in Egkomi. It is located 5 minutes drive from the Mall of Egkomi and 2 minutes drive from Archangelos round-about, 350m from Lefkotheou Avenue.

The building abuts on Lykavitou Avenue, which is one of the main commercial streets in the area, with a total frontage of 20m.

Consists of a showroom with a mezzanine and basement on the ground floor, an office on the 1st floor and a flat on the 2nd floor.
The basement has an area of 345sqm, the showroom has a total area of 250sqm and the mezzanine 110sqm. The office on the first floor has an internal area of 110 sqm.

The apartment on the second floor consists of an open plan area with a kitchen, living room and dining room, 3 bedrooms one of the en-suite and a separate bathroom. The apartment has a total area of 125 sqm, 30 sqm covered verandas and 46 sqm of uncovered verandas.

The plot has a land area of 549sqm.

The property offers close proximity to an ample of amenities such as shops, restaurants, university and schools. The immediate area of the asset is residential comprising of residential developments.

Energy Performance Certificate for shop: Energy Class C
Energy Performance Certificate for office: Energy Class D
Energy Performance Certificate for apartment: Energy Class F

The property is owned by Themoro Limited, an SPV, wholly owned by Gordian Holdings Ltd.

Main Features

3 Rooms
VAT
No
Occupancy Status
Vacant
Ownership Share
100 %
Status
For sale

Other Features

Land Registry

District
Nicosia
Municipality/Community
Nicosia Municipality, Egkomi
Reg. No.
4/2785
Sheet/Plan
21/60E2
Parcel
2627
Zone
ΕΒ4

Areas

Covered Area
595 m2
Total Covered Area
625 m2
Land area
549 m2
Covered verandas
30 m2
Uncovered verandas
46 m2
Ground floor area
250 m2
Mezzanine area
110 m2
Basement area
345 m2

Further Features

Rooms
3
Year of construction
2002

Town Planning

Town planning zone
Commercial
Percentage
100 %
Building density
140 %
Coverage ratio
50 %
Max floors
17
Max height
17 m

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation, and is currently owned by a subsidiary company. Depending on whether the transfer of the asset may take place via the transfer and/or sale of the subsidiary company’s shares, VAT may be applicable. We recommend that you seek independent advice regarding any applicable property transfer fees and/or VAT. The above sale price does not include transfer fees and/or VAT and if such are applicable, these will be paid by the buyer over and above to the sale price, as applicable.

Any markings, or designs on the property photos are indicative, for illustration purposes only and may differ from the actual boundaries.


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Andreas Ioannou

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