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The property is a two-story industrial building in the Panagia quarter of Nicosia Municipality. The property has a frontage of 148m along Michali Paride Street on its northern boundary. It is located 150m north of John Kennedy Avenue and c. 600m northwest of the SOPAZ roundabout. The property used to house a printing factory and consists of a ground floor of c. 2,292sqm for use as a production and storage area, and a first floor (c. 639sqm) for use as an office and auxiliary space. The immediate area of the asset is a fully developed area with numerous industrial buildings and warehouses as well as some factories, showrooms, and offices of average to good quality. The asset benefits from easy access to all the areas of Nicosia via John Kennedy and Andrea Zakou Avenues. The Sopaz industrial area is the closest industrial area to Nicosia city center. The area is characterized as a Special zone area as per the latest Nicosia Local Plan, allowing for commercial use such as. showrooms, galleries, DIY, hypermarkets, cinemas, student halls, etc. The property is zoned as ΕΠ6 (special use) with 160% building density, 50% coverage, and a maximum of 4 floors. Reg. No. : 5/2064
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 829841. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
