For Sale

Commercial plot with old building, Nicosia

Property: 5173

€1,840,000

Status: Available

Building Area: 596m²

Reg.No: 25/1504

Sheet: 21-540204

No of Parking spaces: -

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Description

Four-storey, including ground floor, economically obsolete mixed-use building known as ‘Sideris Centre’ in Tripiotis Quarter, in Nicosia. The property is adjacent to Yianni Kranidioti street on its west boundary and it is near Spyrou Kyprianou Avenue. It has a flat surface, approx. 22m frontage and 36m depth. The asset is located 80m east of AstroBank. Its location is considered very attractive as it falls within the Core of Commercial Development for which Nicosia Municipality provided a lot of incentives for high buildings (Building Density Coefficient 250%, Coverage Coefficient 70% until the 4th floor, 60% for the rest of the floors). The immediate area consists of mixed-use buildings, such as offices, shops, restaurants, Bank Institutions, etc.

Features

Land Registry

District: Nicosia
Municipality / Community: Nicosia Municipality
Reg.No: 25/1504
Sheet: 21-540204
Block: 25
Parcel: 406
Zone: ΠΕΖ
VAT: No

Areas

Total Covered Area: 596m²

Further Features

Year of Construction: 1980
No.of Floors: 3

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