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Shop in Trypiotis, Nicosia Municipality

Ref No: 7735

€ 1,300,000 (-27.78%) € 1,800,000

Description

The property consists of two shops that have been unified in Trypiotis parish, Nicosia Municipality. The shop is situated along Omirou avenue, opposite Eleftheria square, with a total frontage of 19m. It is situated on the ground floor of a multi-unit building and it consists of two blocks.

Shop 1 has an enclosed area of 488 sqm, mezzanine of 408 sqm, covered verandas of 28 sqm, uncovered verandas of 4 sqm, and a basement of 710 sqm. Shop 2 has an enclosed area of 25sqm. The wider area consists of commercial developments.

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

Main Features

Occupancy Status
Vacant
Status
For sale

Other Features

Land Registry

District
Nicosia
Community
Nicosia Municipality
Quarter
Trypiotis
Reg. No.
25/3149
Sheet/Plan
21/460504
Parcel
1258
Zone
ΠΕΠ

Areas

Covered Area
513 m2
Total Covered Area
949 m2
Land area
2,875 m2
Covered verandas
28 m2
Uncovered verandas
4 m2
Mezzanine area
408 m2
Basement area
710 m2

Further Features

EPC
Energy Class C
Year of construction
1972

Town Planning

Town planning zone
Commercial
Building density
250 %
Coverage ratio
70 %

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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