FOR SALE - €3,605,000 NO VAT - REF. NO. RM16895
This asset is a mixed use building in Engomi, Nicosia.
The asset is located on the corner of Ilia Papakyriakou Avenue and Makedonitissis Street and abuts Lordou Vyronos Street on its east border. It is at a distance of c. 70m east of Iroon Avenue and c. 610m northeast of the Cyprus International Exhibition.
The asset comprises of a ground floor showroom of 516sqm with a 376sqm mezzanine, three additional floors of 510sqm, 364sqm and 429sqm and a basement of 652sqm. The shop has a large storefront and can accommodate many retail uses.
The immediate area of the property is mainly developed with mixed use buildings, with retail units on the ground floor and offices or apartments on the floors above. Ilia Papakyriakou Avenue is a busy commercial street in Engomi which provides easy access to other areas of Nicosia.
The asset falls within two planning zones:
- Eβ4 with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17/14,3m.
- and Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
Owner: Mazima Properties Ltd
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.