2500m² Building for Sale in Nicosia District

Amazing, Commercial Building in Nicosia City Center. The property is ideally situated close to a plethora of amenities and services such as supermarkets, schools, restaurants, shops etc.

It is a six storey building which was constructed 30 years ago (approx.). The vacant plot is asphalted and is used as a parking space.

The building has an enclosed area of 2,500 sqm and consists of 14 shops on the ground floor and 12 offices on the 6 upper floors. All units in the building are vacant.

The property lies within the ΠΕΖ planning zone (Commercial Development City Centre Zone), with Building Density of 250%.

The property has the potential for further commercial and residential 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".

The Property has a Separate Title Deed.

Extra: Central Heating, A/C, Storage Room, Elevator.