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Commercial Building - Kato Pyrgos, Nicosia

Nicosia - Ref. PR11465View on map

Commercial building-Kato Pyrgos-PR11465
Commercial building-Kato Pyrgos-PR11465
Commercial building-Kato Pyrgos-PR11465
Commercial building-Kato Pyrgos-PR11465
Commercial building-Kato Pyrgos-PR11465
Commercial building-Kato Pyrgos-PR11465
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Commercial Building - Kato Pyrgos, Nicosia

Not subject to VAT

200,000

Indicative Price

deadline 30 November 2021

deadline 30 November 2021

Commercial building in an attractive location in Kato Pyrgos Community in Nicosia District, at a distance of 380 meters (approx.) south of the sea and 1.6 km southeast of the port.

The property is situated close to all necessary services. In addition, it enjoys good access to the neighboring communities.

The building was constructed in 1990 and its level of construction and maintenance is good. It consists of a reception, customer service area, office space, kitchen and WC’s on the ground floor. The mezzanine consists of a storage space and an office. The building falls within the property 0/4070 and corresponds to the 2/3 shares with a land area of 1572 sqm (approx.). It is located on the southwestern part of the property (as shown with blue color on the drawing). 

The property has distribution agreement. 

The area of the ground floor is 90 sqm (approx.), the mezzanine 90 sqm (approx.) and the storage 80 sqm (approx.).

The building is rented to a bank with a rent of €540/month and a yield 3.2%.

Gray Standard deadline time (JPG)

Gray Standard deadline time (JPG)

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.

District: Nicosia

Municipality: Kato Pyrgos

Characteristics

  • Enclosed area: 90 m2
  • Mezzanine: 90 m2
  • Land: 2,358 m2
  • The property is rented

Services and facilities

  • Parking
  • G.Optional
  • Swimming pool
  • Air condition
  • Lift
  • Heating
  • Storage room

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
0/3797 18/1457V01 1 85
  • Planning zone: Η2
  • Building Coefficient: 90%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 8,30
Registration number Sheet/Plan Block Parcel Number
0/4070 18/1457V01 1 88
  • Planning zone: Η2
  • Building Coefficient: 90%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 8,30

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

Location

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Open in Google Maps (35.18172073364258, 32.68617248535156)

Energy Category

energy rating

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

Associated promotions

Commercial Real Estate with yield over 6% - Altamira Real Estate

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