Mixed-use building in the Old Nicosia Centre
Ref No: 8578
€ 1,015,000
Description
The property is a mixed-use building in the Old Nicosia Centrer, Nicosia Municipality. It is located 500m from Eleftheria square and 80m from Ledra street.
The building consists of three shops on the ground floor (total 375 sqm), an exhibition space on the first floor (350 sqm), and a bar located on the rooftop terrace (350 sqm).
It has a covered area of 725 sqm and 35 sqm covered verandas.
The two shops on the ground floor are tenanted offering steady return. The third shop on the ground floor and the first floor are vacant.
The property has a premium position in the Old Centre of Nicosia, surrounded by shops, restaurants and services.
It is ideal for the development of a city boutique hotel or student accommodation. The property is eligible for government incentives targeting the rejuvenation of the Walled City of Nicosia.
The building consists of three shops on the ground floor (total 375 sqm), an exhibition space on the first floor (350 sqm), and a bar located on the rooftop terrace (350 sqm).
It has a covered area of 725 sqm and 35 sqm covered verandas.
The two shops on the ground floor are tenanted offering steady return. The third shop on the ground floor and the first floor are vacant.
The property has a premium position in the Old Centre of Nicosia, surrounded by shops, restaurants and services.
It is ideal for the development of a city boutique hotel or student accommodation. The property is eligible for government incentives targeting the rejuvenation of the Walled City of Nicosia.
Main Features
Land area
398 m2
VAT
No
Occupancy Status
Partly Occupied
Covered Area
725 m2
Total Covered Area
760 m2
Town planning zone
Commercial
Building density
160 %
Coverage ratio
70 %
Max floors
3
District
Nicosia
Municipality/Community
Nicosia Municipality, Nicosia
Quarter
Nempetchane
Reg. No.
1/537
Year of construction
1955