Commercial Building - Kakopetria, Nicosia
Not subject to VAT
Two –storey building with basement in Kakopetria Community in Nicosia District, at a distance of 100 meters (approx.) northwest of the community center and 70 meters (approx.) southeast of Agiou Panteleimona Church.
The property is situated close to all necessary amenities and services. It enjoys good access to the motorway and the neighboring communities.
The building was constructed in 1992. It was renovated and its level of construction and maintenance is good. The ground floor operates as bank branch. The 1st floor consists of conference rooms and hygiene areas. The basement consists of parking spaces and storages. The area of the ground floor is 360 sqm (approx.), the first floor 120 sqm (approx.) and the basement 200 sqm (approx.).
The ground floor and the basement are rented to a bank for €1820/month with a yield of 3.9%. The 1st floor is vacant.
The property has the potential to offer a yield of 5% and above.
The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.
Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.
All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.
The above price may be modified without any prior notice.
All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.
The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.
The property is partially rented
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