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Office no.1 on the Ground floor, Agioi Omologites, Nicosia

Auction
Cyprus
Office
Commercial

RESERVE €350.000

Available viewing

Please contact us to enquire about arranging a viewing.
Phone
+357 22 000380
Email
info@cy.bidx1.com

Property Summary

  • Ground floor office with basement and auxiliary space in Agioi Omologites quarter, Nicosia municipality, Nicosia District.
  • Extending to approx. 315sq. m. of internal area, 80 sq. m. of basement area and 218 sq.m auxiliary space.
  • Vacant Possession.
  • The property has a separated title deed.
  • ±8.5% ROI potential

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

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Property description

  • The property is situated on the ground floor. Office no. 1
  • The building was constructed approx. in 1969.
  • The property comprises of an open plan space on the ground floor.
  • Title Deed available.
  • We have been informed that the property extends to approx. 315 sq. m. of internal area, 80 sq. m. of basement area and 218 sq. m auxiliary space.
  • In line with the current market trends, this property has a potential to generate a ROI in the range of ±8.5%
  • The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.

Location

  • The property is located in Agioi Omologites quarter, Nicosia Municipality, Nicosia District, under Land Reg. No. 3/1197.
  • The property centrally located close to Archbishop Makarios Ave. III, an area characterised as residential mainly with buildings and commercial with retail shops, restaurants and offices.
  • It is located approx. 70 m. south from Arch. Makariou III and 100 m. northwest from the Landmark Hotel.

Tenancy

  • Vacant Possesion

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:

  • Ground floor office.
  • Interested parties are recommended to undertake their own inquiries to confirm property measurements.

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.

*Terms & Conditions

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.

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