Shop for Sale in Nicosia

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€1,330,000 EUR

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Ref 2273180 | Nicosia, Nicosia | Shop

Currency services provided by Excel Currencies 1,330,000 EUR  |  Approx.£1,145,263 GBP  |  Approx. US$1,423,366 USD
  • Type: Shop
  • Location: Nicosia
  • Province: Nicosia
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

This asset is commercial building on the corner of Onasagorou and Sofocleous Streets, in the Faneromenis area of the within the walls Nicosia.

The asset comprises of:
-A unified shop with mezzanine of 371sqm on the ground floor.
-A shop of c. 52sqm on the ground floor.
-An apartment of c. 225sqm on the first floor.

The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia. Ledras and Onasagorou Streets are two of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals.
The asset falls within two planning zones:

-Commercial zone ΠΕΖ with building density coefficient of 180%, coverage coefficient 70%, in 2/3 floors and a maximum height of 11,5m.

-Commercial zone ΠΕΖ-EZ with building density coefficient of 160%, coverage coefficient 70%, in 2 floors and a maximum height of 8/11m.

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