Description

The “New 2024 Campaign” relate to promotional reduced prices on certain assets. Offerors will need to execute a relevant agreement within 15 working days with 25% down payment and with conclusion of the asset sale within 21 working days from signing date. The prices are firm and final and only offers at these fixed levels will be accepted.

Asking Price: €375.000 - Promotion Price: €298.000

Interested buyers may consider funding from Bank of Cyprus under the various Housing and other loan products offered by the Bank.

https://www.bankofcyprus.com.cy/en-gb/Personal/loans

For more information on funding please contact: +357-22-127878 for Nicosia, +357-24-144811 for Larnaca and Famagusta and +357–25-155394 for Limassol and Paphos.

This asset is a bar in Agios Ioannis quarter within the walls in old Nicosia.

The asset is adjacent to Nikiforou Foka Street on its southeast border and Heracleous Street on its northwest border. It is located c. 180m north from the Statue of Liberty and c. 100m west of Pankyprio Gymnasio.

The asset consists of two residential buildings which were unified and converted into a bar.

The ground floor consists of an entrance/reception area with dressing room, open plan bar/dining area, kitchen, storage room, male and female toilets and courtyards. The first floor is accessed both internal and external staircases and comprises of open plan office.

The buildings were constructed in c. 1908 using traditional materials such as stone and adobe walls, have inclined roofs covered with shingles.

The immediate area of the property is the within the walls Nicosia comprising of listed buildings.

The asset falls within planning zone Κα-α with building density coefficient of 140%, coverage coefficient 70%, in 2 floors and a maximum height of 8m.

Reg. No.: 1/721

EPC: Energy Class D

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Additional Details