For Sale

Building in Nicosia Center

Property: 4692

€6,500,000

Status: Available

Building Area: 2,829m²

No of Parking spaces: 12

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Description

This asset is a mixed-use building in Trypiotis, Nicosia. It is located in Nicosia city centre, on Evagorou street, steps away form Arch. Makarios Avenue, the recently revamped Eleftherias square and Ledras street. The building consists of seven floors of a total 2.829sqm though it can be extended up to fifteen floors. The ground floor, mezzanine, first and second floor are currently rented while the rest of the floors are largely incomplete. The asset has a land area of 1026sqm. The building is ideal for the development of a boutique hotel or city centre apartments.

Owner: Lamezoco Properties LTD.
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.

Features

Land Registry

District: Nicosia
Municipality / Community: Nicosia Municipality
Reg.No: 25/1638
Sheet: 21/460504
Quarter: Trypiotis
Block: 25
Parcel: 37
Zone: ΠΕΖ
Title Deed: Yes
VAT: No

Areas

Total Covered Area: 2,829m²

Further Features

Year of Construction: 2008
No of Parking spaces: 12
No.of Floors: 7

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