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Mixed-use building on Athalassas Avenue, Nicosia

Ref No: 7607

€ 990,000

Description

The asset is a four-storey, mixed-use building in Strovolos, known as ‘Diana Court 8’. It is located on the busy Athalassas Avenue, one of the main commercial roads of Nicosia, offering high visibility. It is situated only 700m from Athalassas - Strovolos Avenues junction and within walking distance from The English School.

The building has a covered area of 945sqm and consists of a shop with a mezzanine on the ground floor and apartments on the upper floors. It also benefits from a basement with available parking areas. The ground floor is rented and is currently being used as a shop. The building has been developed on a plot of land of 539sqm.

The property is close to public services, electronic and retail stores, offices, and amenities.

Owner: Wolbetia Limited (Gordian SPV)

Main Features

10
VAT
No
Occupied
Yes
Status
For sale
Floor number
3

Other Features

Land Registry

District
Nicosia
Community
Strovolos Municipality
Reg. No.
9/2062
Sheet/Plan
21/62W1
Parcel
1975
Zone
Εβ3

Areas

Covered Area
945 m2
Total area
1,033 m2
Land area
539 m2
Covered verandas
88 m2

Further Features

EPC
Energy Class D
Year of construction
2000

Town Planning

Town planning zone
Commercial
Building density
160 %
Coverage ratio
50 %
Max floors
6
Max height
24 m
Whole Share
Yes

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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