Development Opportunity in a Commercial Building andamp; Plot in Nicosia City Center – id S40199

  • €3,400,000
Dimos Lefkosias, Cyprus
  • Mixed use commercial
  • Property Type
  • 1970
  • Year Built


Property ID: S40199
  • Mixed use commercial
  • Property Type
  • 1970
  • Year Built


Four-storey commercial building and an empty plot centrally located in Digeni Akrita Avenue in Agios Antonios, Nicosia. andlt;br /andgt; The ground floor consists of a shop/showroom and a bathroom. andlt;br /andgt; The mezzanine consists of offices, storages and bathrooms. andlt;br /andgt; The 1st,2nd and 3rd floors consist of offices, meeting rooms, kitchen and bathrooms. andlt;br /andgt; The property falls within Zone ΕΖ-κ, with a building coefficient of 200%, coverage of 60%, and permission for 6 floors (24m) of construction. andlt;br /andgt; 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.andlt;br /andgt; 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. andlt;br /andgt; Access to the plot is via a registered road which is facing the southern side of the property.andlt;br /andgt; This property consists of: andlt;br /andgt; Property with registration number 24/1706 andlt;br /andgt; Property with registration number 24/1705

  • City Nicosia
  • Area Dimos Lefkosias


Updated on June 6, 2023 at 2:00 am
  • Property ID: S40199
  • Price: €3,400,000
  • Year Built: 1970
  • Property Type: Mixed use commercial
  • Property Status: For Sale

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