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For Sale Excellent investment in Nicosia, Nicosia

This asset comprises of a retail unit and four office floors part of a seven story commercial building in Archebishop Makarios Avenue, Nicosia. 
The asset consists of:
- a spacious shop of 612sqm on the ground floor with a mezzanine of 315sqm and the unified first floor of 475sqm;
- the second, third and fourth office floors, of 460sqm each.
The building is equipped with surveillance cameras, fire safety and controlled access. The asset has exclusive use of 70 covered parking spaces located in the three basement levels. A distribution agreement exists for the building. 
The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. Along Makariou Avenue there are numerous shops, cafeterias and banks as well as offices for many companies and government agencies. 

The asset is partially occupied. 

The asset falls within planning zone ΠΕΖ-Εκτος with building density coefficient of 250%, coverage coefficient 70%. 

Sales Price:
€8,500,000 - €2996.12 Per m2
Title Deed Available
Yield:
4%
Listing Type:
Commercial
Property Type:
Building
Property Status:
Resale
Date Available:
15-11-2019
Working Area:
2782m2
Total area:
2782m2
Units:
5
Extra Storage Space:
Yes

Features

Internal

CCTV

Furniture & Appliances

Unfurnished

External

Access Control Entrance


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