Development Opportunity in a Commercial Building & Plot in Nicosia City Center
- Status: For Sale
- Property type: Business
- Property Subtype: Other
- Ref. ID: 19616
- VAT: +VAT
- City: Nicosia
- Area: Nicosia
- Condition: Resale
- Plot / Land Area: 1456 m2
- Year Built: 1980
- Covered Area: 1565 m2
- Total no. of floors: 5
- Energy Efficiency Rating: In Progress
- Latitude: 35.1674285
- Longitude: 33.3704351
Details
Four-storey commercial building and an empty plot centrally located in Digeni Akrita Avenue in Agios Antonios, Nicosia.
The ground floor consists of a shop/showroom and a bathroom.
The mezzanine consists of offices, storages and bathrooms.
The 1st,2nd and 3rd floors consist of offices, meeting rooms, kitchen and bathrooms.
The property falls within Zone ΕΖ-κ, with a building coefficient of 200%, coverage of 60%, and permission for 6 floors (24m) of construction.
Incentives provided by the council of ministers suggest that subject to approval and acquiring the necessary permits, the property can benefit from a building coefficient of 300%, coverage of 60%, and permission for 8 floors of construction.
The commercial plot extends to about 722sq.m. in total. It has a rectangular shape with a flat surface and a total frontage of approximately 22m.
Access to the plot is via a registered road which is facing the southern side of the property.
This property consists of:
Property with registration number 24/1706
Property with registration number 24/1705
