Commercial Building, For Sale

– Nicosia,

7,500,000

Ref: 24791

Building Type: Commercial Building | Covered Area: -
The properties for sale are a commercial building and a vacant plot, that are centrally located in Trypiotis Quarter of Nicosia Municipality. The property is situated along Archbishop Makarios III Avenue (Makariou), one of the most vibrant and popular streets of Nicosia.In the surrounding area there is a plethora of amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings.The property is situated approximately 200 meters southeast of the junction of Makariou and Evagorou Avenues and approximately 100 meters northwest of the junction of Makariou and Stasandrou Avenues.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 vacant plot has 23 meters frontage on Zinas Kanther Str., while the building has 21 meters frontage on Makariou Ave.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".
Type
Building
Sub-Type
Commercial Building
Status
Available
Features

Details

Building Type: Commercial Building
Construction Year: 1990

Areas

Plot Area: 1,572

Energy

Cooling Type: Autonomous Cooling System
Energy Efficiency Grade: C

Main Features

Air Condition:
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    Energy Certificates (EPCS)
    Grade: C

    The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills are likely to be.