FOR SALE - €716,000 NO VAT - REF. NO. RM27355
This asset is commercial building c. 55m west of Ledras street in Nicosia and c. 300 m north of Eleftherias square in the within the walls Nicosia.
The asset has a total area of c. 1080sqm and comprises of the ground floor, basement and first floor of c. 290sqm each and the second floor of c. 210sqm. All levels have an open plan layout. The asset enjoys a road frontage along Ploutarchou and Pericleous Streets.
The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia. Ledras Street is one of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals.
The asset falls within two planning zones:
-Commercial zone ΕΖ-Εντός with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.
-Residential zone Κα-α with building density coefficient of 140%, coverage coefficient 70%, in 2 floors and a maximum height of 8m.
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.