Ground floor commercial building with a mezzanine in Pera Chorio community, in Nicosia District, at a distance of 100 meters (approx.) northwest of the Community’s police station and 180 meters (approx.) west of the old motorway (B1).

The property enjoys very good access to the motorway. Furthermore, it is situated close to a plethora of amenities and services.

The level of construction and maintenance of the building is good.  It comprises on the ground floor of an open shop area, a storage room and a women's/men’s w/c. The mezzanine consists of a customer service area, 2 storage rooms, a kitchen, a shower room with a toilet and a server room.

The area of the ground floor is 440 sqm (approx.) and the mezzanine 130 sqm (approx.).

It is worth noting that part of its eastern part is affected by the road widening scheme.

The property is rented with a contract until 30/06/2047 with the current rent being €1500/month with an increase in the rent every five years as follows:

• today - 31/12/2026: rent-free period
• 01/01/2027 - 30/06/2027: €1500/month
• 01/07/2027 - 30/06/2032: €1575/month
• 01/07/2032 - 30/06/2037: €1650/month
• 01/07/2037 - 30/06/2042: €1750/month
• 01/07/2042 - 30/06/2047: €1840/month.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

- - - - - - - - - - -

The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

 - - - - - - - - - - - - -

District: Nicosia

Municipality: Pera Chorio