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Mixed-use building in Agioi Omologites, Nicosia

Ref No: 7946

€ 5,100,000 (-7.27%) € 5,500,000

Description

The asset is a mixed-use building known as "Silvex House" in Agioi Omologites quarter in Nicosia Municipality. It is located on Griva Digeni Avenue in the city center. The building consists of two levels of basement, 5 offices and a shop on the ground floor, and offices on the remaining six floors. It has a covered area of 2,130sqm.

Part of the building is tenanted: Ground floor corner retail unit and office no. 5 in addition to offices on 2 -4 floors.
Part of the building is vacant: Ground floor offices no. 2, 3 and offices on 5-6 floors.
Part of the building is not owned by Gordian Holdings: Ground floor offices no. 1 and 6, in addition to office on the 1st floor.

The asset holds a premium location with high visibility, in Nicosia Business Centre. It offers excellent proximity to all amenities, public services, bars and restaurants. It is a great investment opportunity for high rental income at the centre of the capital.

Owner: Anoreve Limited (Gordian SPV)

Main Features

45
Occupancy Status
Partly Occupied
Status
For sale

Other Features

Land Registry

District
Nicosia
Community
Nicosia Municipality
Quarter
Agioi Omologites
Reg. No.
0/8647
Sheet/Plan
21/540102
Parcel
989
Zone
ΕΖ-Δ

Areas

Covered Area
2,130 m2
Land area
1,501 m2
Mezzanine area
216 m2

Further Features

EPC
Energy Class D
Year of construction
1996

Town Planning

Town planning zone
Commercial
Building density
200 %
Coverage ratio
60 %
Max floors
8
Max height
31 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.

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