Building for sale in Nicosia Municipality, Nicosia

This asset is a commercial building located in Nicosia’s city center, on the corner of Kritis and Stasandrou Street, c. 300m from Archebishop Makarios Avenue and c. 250m from Digeni Akrita Avenue. The asset consists of: -Retail space: large ground floor showroom, four floors of exhibition areas with a separate staircase (of 872sqm) and a mezzanine (of 241sqm), -Office space: four floors of offices (of 261sqm each), -Basement: two levels with a total 33 parking spaces. The building benefits of additional building density of c. 300 sqm. The immediate area of the asset is the commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. The asset falls within planning zone EZ-κ with building density coefficient of 200%, coverage coefficient 60%, in 6 floors and a maximum height of 24m. Owner: Kermia Property Investments Ltd The asset is partially ocupied. Reg. No.: 0/11400, 0/11401, 0/11402, 0/11403, 0/11404 EPC: Energy Class D for the retail space and office floors 2 and 3, Energy Class C for office floor 1 and Energy Class F for office floor 4. All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.