Buildings FOR SALE
in Nicosia, Nicosia
REF. NO. 8850
The properties for sale are a commercial building and an empty building plot, located in a unique and central location in Trypiotis Quarter in Nicosia Municipality. In the surrounding area there is a plethora of amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings. It is a six storey building which was constructed 30 years ago (approx.). The empty building plot is used as a parking space. The building has an enclosed area of 3,400sqm and is consisted of 14 shops in the ground floor and 12 offices on the 6 above floors. Part of the shops and offices are currently rented. The plot with plot number 1042, abuts on Zinas Canther street, with 23m of frontage, while the plot with plot number 1035 abuts on Makariou Avenue, with frontage of 21m. The property lies within the ΠΕΖ planning zone, with Building density of 250%. The property has the potential for further development. More importantly, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.