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Building in Nicosia Center

Ref No: 4692

€ 6,000,000 (-7.69%) € 6,500,000

Description

The asset is a mixed-use building prominently located in Trypiotis. It is situated on Evagorou street and it is accessed via Arch. Makarios Avenue, within walking distance to the recently modernised Eleftherias square and moments away from all amenities of Stasikratous and Ledras streets, both a fun focus for quality shopping and leisure.
The building currently comprises of seven floors with a total area of 2,829 sqm, with the potential to further extend up to fifteen floors.
The ground floor, mezzanine, first and second floors spread at 1,399 sqm and are currently leased whilst the rest of the floors of approx. 1,430 sqm remain incomplete.
The building is well configured, ideal for the development of a boutique hotel or city centre apartments.
The property is partially occupied.
Owner: Lamezoco Properties LTD

Main Features

12
VAT
No
Occupied
Yes
Status
For sale
Floors
7

Other Features

Land Registry

District
Nicosia
Community
Nicosia Municipality
Reg. No.
25/1638
Sheet/Plan
21/460504
Parcel
37
Zone
ΠΕΖ

Areas

Covered Area
2,829 m2

Further Features

EPC
Energy Class E
Year of construction
2008

Town Planning

Town planning zone
Commercial
Building density
250 %
Coverage ratio
70 %
Max floors
7

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

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