Commercial property in Nicosia (downtown) (Nicosia) Cyprus 3m²

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$‍9 769 466‍

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Buildings - 8850 The property for sale is a unique and central location in the Tripiotis quarter of Nicosia Municipality. The surrounding area has many amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings. This is a six-story building built 30 years ago (approx.). An empty building plot is used as a parking space. The building has a closed area of 3400 sq.m. and consists of 14 shops on the ground floor and 12 offices on 6 floors. Some shops and offices are currently leased. The plot with plot no. 1042 is adjacent to Zinas Kanter Street with a facade of 23m, and the plot with plot no. 1035 is adjacent to Makariou Avenue with a facade of 21m. The property is located in the PTC planning zone, with a residential density of 250%. The property has potential for further development. More importantly, it can also benefit from numerous planning incentives, such as a significant increase in permissible housing density, as it is within the area covered by the Nicosia City Center Local Plan.