For Sale

Commercial Building in Trypiotis, Nicosia

Property: 6048

€2,750,000

Status: Offer Accepted

Building Area: 1,531m²

No of Parking spaces: 20

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Description

The asset is a commercial mixed use building named ''Lapithio Tower'' located in a prime commercial area along Georgiou Griva Digeni Avenue, in Trypiotis Quarter, Municipality of Nicosia. It is 250m south from the Ministry of Domestic and 550m north west from the Affairs and Press and Information Office. The building has a total covered area of 2.518sqm and is built on a land plot of 714sqm. It consists of eight levels: 2 basements (987sqm), ground floor (198sqm) with mezzanine (130sqm), 1st floor (215sqm), 2nd floor (201sqm), 3rd floor (201sqm), 4th floor (201sqm), 5th floor (201sqm) and 6th floor (184sqm). The building was constructed in 1998 with good quality materials. Internally the offices have laminate floors, separating walls made of glass panels and structured cabling with raised flooring. The wider area comprises mostly of similar mixed use developments of offices and shops.
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.

Features

Land Registry

District: Nicosia
Municipality / Community: Nicosia Municipality
Reg.No: 25/5159
Sheet: 21/540203
Quarter: Trypiotis
Block: 25
Parcel: 1215
Zone: ΠΕΖ
Title Deed: Yes
VAT: No

Areas

Total Covered Area: 2,518m²

Further Features

Year of Construction: 1998
No of Parking spaces: 20
No.of Floors: 7

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