Retail premises for sale in Nicosia, Nicosia, Cyprus

£3,758,729 (€4,400,000)
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Retail premises for sale

Property description

The property is a commercial building with a total area of2.983 sqm, situated in Trypiotis locality, Nicosia. It is adjacent to Zinas Kanther Street on its northern boundary, at a short distance west of Archipishop Makariou III Avenue and east of Themistokli Dervi Avenue.

The asset consists of a two level basement with total area of 1.024 sqm which provide 10 parking spaces and 3 storages. The ground floor has a total area of 348 sqm, the mezzanine with total area of 233 sqm, the 1st, 2nd and 3rd floors with total area of 349 sqm each floor, were all used as show areas. The 4th floor with a total area of 223sqm was used as an office and 5th floor with a total area of 108 sqm as rest room.

The total land area of the asset is 791 sqm.

The building has been constructed with good quality materials and it is equipped with satisfactory infrastructure i.e escalators, vrv heating-cooling system, raised-floors, alarm, CCTV system, strong room. It is in good physical condition and maintenance.

The property is situated in a prime location within Nicosia’s commercial centre, where retail shops and department stores are observed. The wider area consists mostly of commercial properties housing showrooms/ shops on the ground floor and offices on the upper floors.

The property falls within the Planning Zone Εα1 (Urban Center Zone) with a building density coefficient of 250% and a coverage coefficient of 40% over 14 floors and 52 metres height.

Property Features
Agicultural road access
Air Conditioning
Attached on main road
Central Heating
Electricity available
Elevator
Private parking (uncovered)
Residential zone
Security Alarm
Storage room
Telephone line available
Title deeds Available
Town: 5 min drive
Town: Walking distance
Water available
Wi-Fi

Property location is approximate. Please contact the agent for further details.

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For more information about this property, please contact
SLV Estates Ltd, TQ6 on +44 330 098 8971 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SLV Estates Ltd, and do not constitute property particulars. Please contact SLV Estates Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.