Development Opportunity in a Commercial Building & Plot in Nicosia Cit

Information from owner
Four-storey commercial building and an empty plot centrally located in Digeni Akrita Avenue in Agios Antonios, Nicosia. The ground floor consists of a shop/showroom and a bathroom. The mezzanine consists of offices, storages and bathrooms. The 1st,2nd and 3rd floors consist of offices, meeting rooms, kitchen and bathrooms. The property falls within Zone ΕΖ-κ, with a building coefficient of 200%, coverage of 60%, and permission for 6 floors (24m) of construction. Incentives provided by the council of ministers suggest that subject to approval and acquiring the necessary permits, the property can benefit from a building coefficient of 300%, coverage of 60%, and permission for 8 floors of construction. The commercial plot extends to about 722sq.m. in total. It has a rectangular shape with a flat surface and a total frontage of approximately 22m. Access to the plot is via a registered road which is facing the southern side of the property. This property consists of: Property with registration number 24/1706 Property with registration number 24/1705