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Investment 3 400 m² in Nicosia, Cyprus

Cyprus, Nicosia, Nicosia, Nicosia
$8,17M
$2,404/m²
;
Investment 3 400 m² in Nicosia, Cyprus
1
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ID: 2341307
Property ID on Realting
In CRM: 58793
ID of the ad on the website or in the company’s CRM
Last update: 16/07/2024

Location

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  • Country
    Cyprus
  • Region
    Nicosia District
  • City
    Nicosia

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $2,404/m²
  • Total area
    Total area
    3 400 m²

Building parameters

  • The year of construction
    The year of construction
    1990

Interior details

Cooling:

  • Air conditioner

Exterior details

Exterior features:

  • Elevator

Description

A commercial building and a vacant plot, located in a unique and central location  of Nicosia Municipality. In the surrounding area there is a plethora of amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings. It is a six storey building which was constructed 30 years ago, The vacant building plot is used as a parking space. The building has an enclosed area of 3,400 sqm and consists of 14 shops on the ground floor and 12 offices on the 6 upper floors. Part of the shops and offices are currently rented. The property lies within the ΠΕΖ planning zone (Commercial Development City Centre Zone), with Building coefficient of 250%. More importantly, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the "Nicosia City Centre Local Plan".

Location on the map

Cyprus, Nicosia, Nicosia, Nicosia
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Investment 3 400 m² in Nicosia, Cyprus
Cyprus, Nicosia, Nicosia, Nicosia
$8,17M
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