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Mercury Group
For sale: commerce property in Cyprus, Nicosia
- Cyprus, Nicosia
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Property description
ID: CY-35-1-124381
- Cyprus, Nicosia
Object type
Commerce property
Land area
1236 m2
Area
1204 m2
Category
For sale
Price per m2
€ 2 409
Price
€ 2 900 000
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For sale business of 1204 sq.meters in Nicosia. Mixed-use building in Aglantzia, Nicosia. The asset is a two storey mixed-use building known as 'Wights Tower' in Aglantzia. It owns a prime location with high visibility on Limassol Avenue. It is adjacent to the Aluminium Tower and is located 1.5km from the city center. The building has a total covered area of 1,204sqm. The ground floor consists of three retail units with a total area of 550sqm and 268sqm mezzanine. The first floor consists of an apartment of 134sqm (currently used as part of a gym) and a vacant office area of 252sqm. The building also benefits from a basement parking area. A Planning Permit has been submitted for a mixed-use building. The planning permit includes:
- Ground Floor: Two spacious shops/showrooms/offices offering flexibility for retail or office use, along with a convenient mezzanine level.
- First/ Second / Third / Fourth Floor: Office spaces, office areas with an open-plan area, conference rooms, kitchen facilities, and verandas.
- Basement: Parking spaces and additional storage rooms. Energy Performance Classifications for the shops: Energy Class C
Energy Performance Classifications for the Gym: Energy Class D
Energy Performance Classifications for the restaurant: Energy Class D
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Cyprus, Nicosia
Object type
Commerce property
Land area
1236 m2
Area
1204 m2
Category
For sale
Price per m2
€ 2 409
Price
€ 2 900 000
Currency calculator
From
To
What you should know, purchasing a property in Cyprus
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To help you decide whether it's better to rent or buy a home, this calculator compares the costs associated with buying a property to your equivalent rental costs. This calculator will also help to investors to preliminary calculate the
return on investment and capitalization from sale of real estate.
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1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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