Investment in Nicosia, Nicosia

Description

The property is a commercial plot with a building, located in Agios Antonios quarter, in Nicosia Municipality.

The asset abuts Kallipoleos Avenue on its east border and Adrias Street on its northwest border. It is located c.50m south of KES College and c.650m southeast of ‘OXI’ roundabout.

The plot has a total area of 910sqm and a total built area of 847sqm. The plot has a triangular shape, an even, flat surface and a total road frontage of c.80m.

The immediate area of the asset consists of commercial developments, such as shops, restaurants, showrooms on the ground floor and offices or apartments on the upper floors. The nearby Digeni Akrita Avenue is established as one of the busiest streets in Nicosia with a mixture of residential and commercial properties. The asset is located in the city centre and as a result has good accessibility towards the Nicosia city and the surrounding areas.

The property is currently partially rented.

The asset falls within the Eβ3 commercial planning zone, with building density coefficient 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24/20.4m.