FOR SALE - €495,000 NO VAT - REF. NO. RM40539

This asset is a commercial space formerly used as a restaurant in Makedonitissa, Nicosia.

The asset is adjacent to Hadjigeorgaki Kornesiou Street, c. 70m north of the Cyprus Expo, c. 700m north of Makario Stadium and c. 185 west of Ilia Papakyriakou Avenue.

The asset comprises of a 272sqm ground floor consisting of an open plan dining area, kitchen and storeroom and a 253sqm basement that consists of parking spaces, storeroom, toilets and staff locker room. In the basement, there is also a 54sqm auxiliary space. Access to the basement is via an internal staircase and an external ramp.

The immediate area of the asset comprises of residential developments and numerous commercial developments.

The asset falls within residential planning zone Κα5 with building density coefficient of 100%, coverage coefficient of 50%, in 3 floors and a maximum height of 13,5m.

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.