Development Opportunity in a Commercial Building Plot in Nicosia City Center
Four-storey commercial building and an empty plot centrally located in Digeni Akrita Avenue in Agios Antonios, Nicosia.
The ground floor consists of a shop/showroom and a bathroom.
The mezzanine consists of offices, storages and bathrooms.
The 1st,2nd and 3rd floors consist of offices, meeting rooms, kitchen and bathrooms.
The property falls within Zone ΕΖ-κ, with a building coefficient of 200%, coverage of 60%, and permission for 6 floors (24m) of construction.
Incentives provided by the council of ministers suggest that subject to approval and acquiring the necessary permits, the property can benefit from a building coefficient of 300%, coverage of 60%, and permission for 8 floors of construction.
The commercial plot extends to about 722sq.m. in total. It has a rectangular shape with a flat surface and a total frontage of approximately 22m.
Access to the plot is via a registered road which is facing the southern side of the property.
This property consists of:
Property with registration number 24/1706
Property with registration number 24/1705
Available from:2024-04-23
Offered at: 2,250,000 
Type: Space
Platform's Role: Realty platform functions as a marketing and data hosting platform only. We are not engaged in real estate services, nor in real estate transactions and do not represent buyers, sellers, or properties directly, unless stated otherwise. Information Source: Listings are supplied by property owners, authorized representatives, or third-party entities that are ‘listing users’. While the platform endeavors to host genuine listings, Realty platform doesn't conduct independent verification of each property. ‘Users’ and ‘listing users’ are expected to adhere to applicable laws’ provisions, including any prohibitions. Misrepresentation or false advertising of properties is strictly prohibited. User Interaction: Communication between users or their representatives occurs directly and is outside the purview of our platform's responsibilities. GDPR Compliance: We respect and protect any user data in line with the General Data Protection Regulation (GDPR). User's personal details, when collected, are processed with user’s consent when applicable. Photos and Descriptions: Images may be digitally enhanced or virtually staged. They may not always reflect the actual state of the property. The platform is not liable for discrepancies between images and actual property conditions. No General Advise, No Advise to Engage, No Financial Advice, No Legal Advice: Realty platform offers listing and search services, no advice is provided. Users should seek professional advice before making decisions. User Feedback & Listing User’s Verification: While we collect feedback from users regarding their experience and cooperate primarily with listing users, Realty platform is not accountable for the actions or misrepresentations of users, listings users or other third parties. No Warranties and No Guarantees: Realty platform disclaims warranties concerning the accuracy, completeness, or reliability of listings. Properties' availability is subject to change, and we are not liable for any discrepancies.
