€2,500,000 + VAT
An incomplete commercial building and the adjoining a piece of land in Strovolos, Nicosia.
It comprises a ground floor showroom of 319sqm with a 159sqm mezzanine, two office floors of 382sqm each, a third floor apartment of 195sqm and a two level basement of 1457sqm.
The undeveloped piece of land has an area of c. 1240sqm. The shop has a large storefront and can accommodate many retail uses.
The immediate area comprises of residential developments as well as commercial developments along Kantaras Avenue. The asset enjoys great accessibility due to its proximity to the Nicosia peripheral road.
It falls within two planning zones:
– Eβ5 with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
– Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.