Mixed-use building in Trypiotis, Nicosia

Ref No: 7468
€ 1,600,000

Description

The property is a mixed-use building known as "Elenios Stoa" in Trypiotis quarter, Nicosia Municipality. It is located on the pedestrian-only streets of Ledras and Onasagorou, 100m from the revamped Eleftherias Square.

The building has a covered area of 1,322sqm and consists of 7 shops on the ground floor that have been unified to 3 (one is rented as a souvenir shop), 21 apartments (13 studios, 6 two-bedroom and 2 three-bedroom) and a roof garden of 366sqm. The building has also a basement with an area of 224sqm. It is built within a land area of 366sqm.

An investment opportunity for a city boutique hotel on the most lively part of the old city, or student accommodation subject to town planning permits.

Main Features

Land area
366 m2
VAT
No
Occupancy Status
Partly Occupied
Covered Area
1,322 m2
Town planning zone
Commercial
Building density
180 %
Coverage ratio
70 %
Max floors
2
District
Nicosia
Community
Nicosia Municipality
Quarter
Trypiotis
Reg. No.
1/145, 1/304
Year of construction
1955