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Sale

38712

Nicosia

Building

€ 1,670,000

Areas

 - Strovolos

 - Pepsi Cola Strovolou
 - Metro roundabout (Lakatameias)


Features

 - Parking (Garage)
 - Ground Floor
 - Levels 4
 - WC 6
 - Price/m2 €1,220/m2
 - Title (Deed)
 - Cov/d: 1,369 m2
 - Plot: 1,237 m2
 - Year Built 1997
 - Year Renov 2020
 - Double glazing
 - Store room
 - Study room
 - Heating a/c ((Hot & Cold))
 - a/c (units)
Plot (Zone)
 - Zone Eb3
 - Built Coef. 160 %
 - Cov.Coef. 50 %
 - Max Height 24.00 Meters
 - Max Floors 6
 - Road Type: tarmac secondary road

Area Description

 - Walking distance
  · bakery
  · bank
  · beauty salon
  · corner shop
  · hair dresser
  · park
  · pharmacy
 - 5 minutes
  · childrens play area
  · Church
  · gymnastics center
  · nursery
  · primary school
  · secondary school
  · supermarket
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Description:
Building with title deed, with built area of 1,369 sqrm, within a plot of area 1,237 sqrm, in the area of Strovolos within Nicosia (Lefkosia) district. Main features include: Store room, study room, double glazing. The Building was constructed in 1997 and was renovated in 2020. Please also note that the building is comprised of 0 units. The plot characteristics are: within planning zone Eb3, has a build coefficient of 160% with covered coefficient of 50%, maximum building permissible height 24.00 meters, and maximum number of floors 6. Τhe plot area is 1,237 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 610 sqrm. The value of this investment comes to € 844 per square meter of covered area. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, bakery, park. 5 minutes from: nursery, primary school, secondary school, supermarket, childrens play area, gymnastics center, Church. It is within close proximity to: Pepsi Cola Strovolou and Metro roundabout (Lakatameias). The type of road leading to the property is tarmac secondary road. The investment is € 1,220 per covered square meter. It appears that there is 31% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 610 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. This Building has title deed ready.
Three-storey commercial building in an excellent location in Strovolos Municipality. It is located on a very privileged area. The property is ideally situated close to a plethora of amenities and services. In addition, it has excellent access to the city center and the motorway. In general, it is an attractive and lively location as Strovolos is considered one of the most active areas in Nicosia.

The building was constructed 20 years ago, it is in a good state of condition and consists of a ground floor shop with mezzanine level, two upper floors with offices and a basement with parking spaces and two storages. The area of the shop is 475 sqm (approx.), the mezzanine 237 sqm (approx.) and each floor 447 sqm (approx.). The building represents the 1/2 share of the parcel and it is located on the northern part of the plot, with land area of 1237 sqm (approx.).

The property is rented with a satisfactory return. It needs to be noted that the property falls within the commercial zone Εβ3 which allows the construction of a six-storey building.

On this building there is also immediately available 300 m² office for rent on the first floor.


Office 203, 8 Acropoleos Ave, Strovolos, 2006 Nicosia, Cyprus
Registered and Licensed Real Estate Office RN1022 LN505/E
Tel: +357 2245 2040 / www.c21broker.net
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