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Mixed-use building in Trypiotis, Nicosia

Ref No: 7468

€ 2,200,000

Description

The property is a mixed-use building known as "Elenios Stoa" in Trypiotis quarter, Nicosia Municipality. It is located on the pedestrian-only streets of Ledras and Onasagorou, 100m from the revamped Eleftherias Square.

The building has a covered area of 1,322sqm and consists of 7 shops on the ground floor that have been unified to 3 (one is rented as a souvenir shop), 21 apartments (13 studios, 6 two-bedroom and 2 three-bedroom) and a roof garden of 366sqm. The building has also a basement with an area of 224sqm. It is built within a land area of 366sqm.

An investment opportunity for a city boutique hotel on the most lively part of the old city, or student accommodation subject to town planning permits.

Main Features

VAT
No
Occupied
No
Status
For sale

Other Features

Land Registry

District
Nicosia
Community
Nicosia Municipality
Reg. No.
1/145, 1/304
Sheet/Plan
21/460512
Parcel
103, 104
Zone
ΠΕΖ-εν

Areas

Covered Area
1,322 m2
Land area
366 m2
Uncovered verandas
366 m2
Basement area
224 m2

Further Features

EPC
Energy Class G
Year of construction
1955

Town Planning

Town planning zone
Commercial
Building density
180 %
Coverage ratio
70 %
Max floors
2
Max height
11.50 m

Legal disclaimer

The asset was repossessed by Gordian Holdings Limited via auction pursuant to Part VIA of the Immovable Property (Transfer and Mortgage) Law of 1965 (L. 9/1965). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.

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