Lot 24 Mixed-use Building in Ap. Varnavas & Ag. Makarios (quarter), Strovolos, Nicosia

Property Enquiries

Kritonas Onisiforou

kritonas.onisiforou@bidx1.com
22000380
22000380

Viewing/ Registration Enquiries

BidX1 Support Team

info@cy.bidx1.com
+357 22 000380

Vendor Lawyer

Loukis Papaphilippou & Co LLC

l.papaphilippou2@papaphilippou.eu
+357 22271000
Description
Map
Viewings

Property Summary
  • Mixed-use Building on Athalassas avenue, Nicosia, partially occupied by tenants.
  • According to the building permit the building comprises of one shop on the ground floor, 5 apartments on the upper floors and parking spaces at the basement. 
  • The shop on the ground floor is occupied by a tenant (tenants not affected) and one of the apartments is occupied and all other apartments are vacant.
  • The property is situated on a plot sized 539 sq. m.
Location
  • The property is located in Apostolos Varnavas and Ayios Makarios quarter, of Strovolos municipality, Nicosia district, under Land Reg. No. 9/2062.
  • The property abuts onto Athalassas avenue with a north orientation, about 800 meters from police headquarters.
  • The immediate area is predominately commercial with shops, offices and residential units.
Description
  • 4-storey Mixed-use Building with basement known as ‘Diana Court 8’.
  • According to the building permit the building comprises of one shop on the ground floor, 5 apartments on the upper floors and parking spaces at the basement.
  • On site, the apartments have been divided to a total of 17 x Studio apartments, 3 x One bedrooms apartments and 1 x Office.
  • The ground floor is occupied by a tenant
  • At the basement there are parking spaces
  • We are informed that the building was constructed in 1996.
  • We are informed that the ground floor extends to approx. 250 sq. m., mezzanine of 125 sq.m., 1st floor of 255 sq.m., 2nd floor of 255 sq.m., 3rd floor of 168 sq.m. and basement of 315 sq.m. (analytically in the table below). The above measurements include the covered verandas and communal areas. The property is built within a plot of 539 sq.m.
  • We are informed that the building is situated on a plot sized 539 sq. m.
Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:

  • 1 x Shop
  • 17 x Studio apartments,
  • 3 x One bedroom apartments
  • 1 x Office.
  • Interested parties are advised to undertake their own inquiries to confirm property / building measurements.
Tenancy
  • We were informed that the shop is occupied by a tenant with a rent of € 2000/month (tenants not affected).
  • One apartment is occupied and all other apartments are vacant.
Zoning
  • The property falls within the Εβ3 Commercial Zone which allows for 160% building density, 50% building coverage, 6 floors and up to 24 m. height.
VAT
VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT
Property Table

Level

Enclosed area

Ground floor

250 sq.m.

Mezzanine

125 sq.m.

1st floor

255 sq.m.

2nd floor

255 sq.m.

3rd floor

168 sq.m.

Basement

315 sq.m.


Islanders Estate Agencies Ltd as a licensed Estate Agent, T/A BidX1 Cyprus Sales

Registration No: 799 / Licence No: 376/E

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.


Contact Kritonas about this property