Investment for Sale in Nicosia

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€2,375,000 EUR

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Ref 2273360 | Nicosia, Nicosia | Property

Currency services provided by Excel Currencies 2,375,000 EUR  |  Approx.£2,045,113 GBP  |  Approx. US$2,541,725 USD
  • Type: Investment
  • Location: Nicosia
  • Province: Nicosia
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

The property consists of a car showroom and offices with total land area of 2.230 sqm, in Agios Dometios Municipality, in Nicosia.

The property is currently used as a showroom with auxiliary areas with total covered area of 1000 sqm and has been configured upon the needs of the occupant. In 2010 the building was fully renovated and is in good condition of maintenance.

The asset is currently leased.

The immediate area of the property is mainly developed with commercial buildings such as shops, restaurants and showrooms, along with upper floor offices and apartments. The asset is located in Agios Dometios and as a result is visible from a distance and it enjoys good accessibility towards the centre of Nicosia and the surrounding areas.

The property falls within the following two Planning Zones:

Commercial zone Εβ3 with a maximum building density coefficient of 160% and a land coverage coefficient of 50% over 6 floors and 24 meters height.

Residential zone Κα4 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 meters height.

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