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For Investment Commercial building in Egkomi in Nicosia, Engomi

This asset is a mixed use building in Engomi, Nicosia. 
The asset comprises of a ground floor showroom of 516sqm with a 376sqm mezzanine, three additional floors of 510sqm, 364sqm and 429sqm and a basement of 652sqm. The shop has a large storefront and can accommodate many retail uses. 
The immediate area of the property is mainly developed with mixed use buildings, with retail units on the ground floor and offices or apartments on the floors above. Ilia Papakyriakou Avenue is a busy commercial street in Engomi which provides easy access to other areas of Nicosia. 
The asset falls within two planning zones: 
- Eβ4 with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17/14,3m. 
- and Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m. 

Sales Price:
€3,605,000 - €1261.81 Per m2
Title Deed Available
Yield:
4%
Listing Type:
Commercial
Property Type:
Building
Property Status:
Resale
Date Available:
14-12-2019
Working Area:
2847m2
Total area:
2847m2
Units:
4
Extra Storage Space:
Yes

Features

Furniture & Appliances

Unfurnished


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