Investment for Sale in Nicosia

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€1,735,000 EUR

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Ref 2273313 | Nicosia, Nicosia | Property

Currency services provided by Excel Currencies 1,735,000 EUR  |  Approx.£1,494,009 GBP  |  Approx. US$1,856,797 USD
  • Type: Investment
  • Location: Nicosia
  • Province: Nicosia
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

The property concerns a four-storey building that comprises of two shops on the ground floor, parking space in the basement and ten residential apartments on the upper floors. The ground floor covers 250sqm and consists of 2 identical shops with mezzanine. The first floor covers 249sqm and consists of four studio flats and one two-bedroom flat. The second floor covers 246sqm and comprises of two one-bedroom flats and one four-bedroom and finally the third floor covers 243sqm and consists of two four-bedroom apartments.

The basement covers 455sqm and is utilized as a parking space for 15 cars.

Along Vyzantiou Street there is a mix of commercial and residential properties with showrooms, shops, offices, apartments and houses. The immediate area comprises of residential properties while the wider area is well developed and consists of mixed-use developments i.e. Shops / showrooms on the ground floor and offices or flats on the upper floors. Numerous government departments are also located in the area. Due to its location it offers excellent accessibility to Nicosia city centre and the surrounding areas

The asset falls within the Eβ3 planning zone, with building density coefficient 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.

The asset is currently leased.

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