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For Investment Commercial building in Nicosia in Nicosia, Nicosia
The plot has a rectangular shape, flat even surface and benefits from 45m frontage along Promitheos Street. Within the plot there is a 6-storey old commercial building and a small ground floor house located on the west side of the plot. There are a lot of incentives from Nicosia City Centre Urban Plan that can be adopted in order to construct a multi-storey building. The property is located in a commercial area comprising of high specs commercial buildings, as well as residential developments (blocks of flats and houses). The property is very close to the within the walls city and to public facilities (i.e. restaurant, cafes, shops). There is a demolition permit with an expiration date 12/09/2020. The property is zoned as ΠΕΖ-ΕΚΤΟΣ with 250% building density plus incentives, maximum coverage is 70% until 7th floor and 60% after and a maximum number of floors of at least 4 which can increase depending on incentives.