Commercial plot with old building, Nicosia
Title Deed: Yes
Tile Deed Reg.No.: 25/1504
Asset Category: Commercial
Property Type: Building
GPS Coordinates: 35.163553,33.36024
For Sale Price: €1.840,000
Four-storey, including ground floor, economically obsolete mixed-use building known as ‘Sideris Centre’ in Tripiotis Quarter, in Nicosia. The property is adjacent to Yianni Kranidioti street on its west boundary and it is near Spyrou Kyprianou Avenue. It has a flat surface, approx. 22m frontage and 36m depth.
The asset is located 80m east of AstroBank. Its location is considered very attractive as it falls within the Core of Commercial Development for which Nicosia Municipality provided a lot of incentives for high buildings (Building Density Coefficient 250%, Coverage Coefficient 70% until the 4th floor, 60% for the rest of the floors). The immediate area consists of mixed-use buildings, such as offices, shops, restaurants, Bank Institutions, etc.