Development Opportunity in a Commercial Building Plot in Nicosia City Center

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