1204m2 Commercial property in Nicosia, Cyprus No. 22963

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1204m2 Commercial property in Nicosia, Cyprus No. 22963
ID22963 € 2 900 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
  • TRY ₺

Property description

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
Nicosia - Statistics
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ParametersNicosia
Rent Per Month
Apartment (1 bedroom) in City Centre€ 660.00
Apartment (1 bedroom) Outside of Centre€ 549.06
Apartment (3 bedrooms) in City Centre€ 1 298.75
Apartment (3 bedrooms) Outside of Centre€ 1 052.50
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre€ 2 400.00
Price per Square Meter to Buy Apartment Outside of Centre€ 1 654.52
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ParametersNicosia
Crime Index30.74
Cost of Living and Rent Index35.16
Purchasing Power Index84.43
Property Price to Income Ratio6.86
Safety Index69.26
Traffic CO₂ Index4596.94
Traffic Inefficiency Index117.15
Rent Index18.19
Health Care Index56.55
Groceries Index48.81
Pollution Index59.30
Traffic Commute Time Index24.38
Restaurant Price Index48.12
Climate Index86.01
Cost of Living Index48.80
Quality of Life Index156.23
Traffic Index107.94
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ParametersNicosia
Restaurants
Meal, Inexpensive Restaurant€ 11.50
Meal for 2 People, Mid-range Restaurant, Three-course€ 60.00
McMeal at McDonalds (or Equivalent Combo Meal)€ 7.00
Domestic Beer (0.5 liter draught)€ 4.00
Imported Beer (0.33 liter bottle)€ 5.00
Coke/Pepsi (0.33 liter bottle)€ 1.37
Water (0.33 liter bottle) € 0.69
Cappuccino (regular)€ 3.24
Markets
Milk (regular), (1 liter)€ 1.82
Loaf of Fresh White Bread (500g)€ 1.73
Eggs (regular) (12)€ 3.43
Local Cheese (1kg)€ 12.20
Water (1.5 liter bottle)€ 0.80
Bottle of Wine (Mid-Range)€ 8.00
Domestic Beer (0.5 liter bottle)€ 1.53
Imported Beer (0.33 liter bottle)€ 2.78
Cigarettes 20 Pack (Marlboro)€ 5.00
Apples (1kg)€ 2.47
Chicken Fillets (1kg)€ 8.17
Oranges (1kg)€ 1.68
Potato (1kg)€ 1.12
Lettuce (1 head)€ 0.49
Rice (white), (1kg)€ 2.26
Tomato (1kg)€ 2.41
Banana (1kg)€ 1.82
Onion (1kg)€ 1.23
Beef Round (1kg) (or Equivalent Back Leg Red Meat)€ 11.64
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)€ 26 450.00
Taxi Start (Normal Tariff)€ 3.50
Taxi 1km (Normal Tariff)€ 1.25
Taxi 1hour Waiting (Normal Tariff)€ 50.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)€ 27 350.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment€ 187.30
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)€ 27.64
€ 21.37
Salaries And Financing
Average Monthly Net Salary (After Tax)€ 1 478.07
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate3.93
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult€ 61.11
Tennis Court Rent (1 Hour on Weekend)€ 22.50
Cinema, International Release, 1 Seat€ 10.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)€ 76.25
1 Summer Dress in a Chain Store (Zara, H&M, ...)€ 33.50
1 Pair of Nike Running Shoes (Mid-Range)€ 74.38
1 Pair of Men Leather Business Shoes€ 95.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child€ 395.00
International Primary School, Yearly for 1 Child€ 6 681.84
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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CityNicosia
TypeCommercial property
Living space1204 m²
  • sq. ft
Land area1236 m²
  • sq. ft
Price
  • Price
  • per m²
€ 2 900 000
Price history
05.04.2024
€ 2 900 000
29.11.2023
€ 3 300 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
  • TRY ₺