Commercial property for sale in Nicosia, Cyprus by Mercury Group: 1322m2 No. 22959

Property description

For sale business of 1322 sq.meters in Nicosia. Mixed-use building in Trypiotis, Nicosia. The property is a mixed-use building known as "Elenios Stoa" in Trypiotis quarter, Nicosia Municipality. It is located on the pedestrian-only streets of Ledras and Onasagorou, 100m from the revamped Eleftherias Square. The building has a covered area of 1,322sqm and consists of 7 shops on the ground floor that have been unified to 3 (one is rented as a souvenir shop), 21 apartments (13 studios, 6 two-bedroom and 2 three-bedroom) and a roof garden of 366sqm. The building has also a basement with an area of 224sqm. It is built within a land area of 366sqm. An investment opportunity for a city boutique hotel on the most lively part of the old city, or student accommodation subject to town planning permits.

Parameters	Nicosia
Rent Per Month
Apartment (1 bedroom) in City Centre	€ 648.75
Apartment (1 bedroom) Outside of Centre	€ 517.69
Apartment (3 bedrooms) in City Centre	€ 1 273.57
Apartment (3 bedrooms) Outside of Centre	€ 1 048.00
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	€ 2 587.50
Price per Square Meter to Buy Apartment Outside of Centre	€ 1 900.00

Parameters	Nicosia
Crime Index	31.67
Cost of Living and Rent Index	36.90
Purchasing Power Index	83.43
Property Price to Income Ratio	7.89
Safety Index	68.33
Traffic CO₂ Index	4578.85
Traffic Inefficiency Index	158.61
Rent Index	18.47
Health Care Index	55.58
Groceries Index	49.50
Pollution Index	60.34
Traffic Commute Time Index	27.27
Restaurant Price Index	50.28
Climate Index	86.01
Cost of Living Index	51.59
Quality of Life Index	151.53
Traffic Index	113.58

Parameters	Nicosia
Restaurants
Meal, Inexpensive Restaurant	€ 12.00
Meal for 2 People, Mid-range Restaurant, Three-course	€ 60.00
McMeal at McDonalds (or Equivalent Combo Meal)	€ 7.50
Domestic Beer (0.5 liter draught)	€ 4.00
Imported Beer (0.33 liter bottle)	€ 5.00
Coke/Pepsi (0.33 liter bottle)	€ 1.33
Water (0.33 liter bottle)	€ 0.67
Cappuccino (regular)	€ 3.28
Markets
Milk (regular), (1 liter)	€ 1.78
Loaf of Fresh White Bread (500g)	€ 1.71
Eggs (regular) (12)	€ 3.75
Local Cheese (1kg)	€ 11.37
Water (1.5 liter bottle)	€ 0.90
Bottle of Wine (Mid-Range)	€ 7.50
Domestic Beer (0.5 liter bottle)	€ 1.80
Imported Beer (0.33 liter bottle)	€ 2.58
Cigarettes 20 Pack (Marlboro)	€ 5.00
Apples (1kg)	€ 2.54
Chicken Fillets (1kg)	€ 8.01
Oranges (1kg)	€ 1.70
Potato (1kg)	€ 1.15
Lettuce (1 head)	€ 0.63
Rice (white), (1kg)	€ 2.38
Tomato (1kg)	€ 2.70
Banana (1kg)	€ 1.80
Onion (1kg)	€ 1.26
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	€ 11.46
Transportation
One-way Ticket (Local Transport)	€ 2.40
Monthly Pass (Regular Price)	€ 50.00
Gasoline (1 liter)	€ 1.39
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	€ 26 000.00
Taxi Start (Normal Tariff)	€ 4.25
Taxi 1km (Normal Tariff)	€ 1.50
Taxi 1hour Waiting (Normal Tariff)	€ 50.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	€ 27 210.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	€ 198.95
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	€ 29.82
	€ 20.10
Salaries And Financing
Average Monthly Net Salary (After Tax)	€ 1 421.70
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.83
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	€ 63.50
Tennis Court Rent (1 Hour on Weekend)	€ 31.00
Cinema, International Release, 1 Seat	€ 10.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	€ 73.33
1 Summer Dress in a Chain Store (Zara, H&M, ...)	€ 44.29
1 Pair of Nike Running Shoes (Mid-Range)	€ 74.33
1 Pair of Men Leather Business Shoes	€ 106.43
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	€ 382.50
International Primary School, Yearly for 1 Child	€ 6 941.57

1322m2 Commercial property in Nicosia, Cyprus No. 22959

Property description