The asset is a commercial building in Trypiotis, Nicosia located in Onasagorou street, one of the historic streets of Old Nicosia. The asset is surrounded by retail stores, cafes and restaurants and offers excellent proximity to Nicosia's most important sights such as the old city walls, museums and cultural art centers. The asset has a total covered area 734sqm and comprises of a known restaurant on the ground-floor and mezzanine, a jeweler shop on the ground floor and an apartment on the first floor which is currently vacant.
The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.
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