Shop 892 м² in Guzelyurt, Cyprus

921 443 $

1 033 $ /м²

4OV8v

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #1

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #2

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #3

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #4

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #5

Shop 892m² in Cyprus, Guzelyurt. Priced at 682500£ rent photo- #6

Area

892 м²

Bedrooms

New build commercial property for sale in the North of Cyprus

Commercial building for sale with investment potential in Güzelurt, North Cyprus.This commercial building consists of stores and is located in Kalkanli, Güzelurt area of Northern Cyprus. This ever growing area offers high investment potential as it is home to one of the best technical universities in Northern Cyprus.The commercial building in North Cyprus is located 50 meters from the METU campus, 1.5 km from the center of Kalkanli, 5 km from the center of Güzelurt and Güzelurt Medical Center, 9 km from the University of Medicine and Social Sciences of Cyprus, 15 km from Aphrodite Beach, 19 km from CMC Golf Club, 40 km from Girne, 48 km from Lefkosha, 57 km from Troodos Ski Center, 60 km from Ercan Airport, 93 km from Larnaca Airport and 120 km from Paphos Airport.The project covers an area of 22,000 sqm and comprises 3 blocks of 4 floors each, as well as first floor stores, communal garden, parking and CCTV. The first floor stores are available in standard, mezzanine and mezzanine warehouse formats. The stores on sale are equipped with storage space, satellite TV, air conditioning and solar panels. ECN-0130.

Additional details

Property type

Commercial

Object type

Shop

Price

921 443 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Guzelyurt; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Guzelyurt short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (921 443 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Guzelyurt: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).