Building for sale in Strovolos, Nicosia

This asset is an incomplete commercial building and the adjoining a piece of land in Strovolos, Nicosia. The asset is located on Kantaras Avenue, next to Apostolos Loucas primary school, 200m east of Strovolou Avenue. The asset comprises of a ground floor showroom of 319sqm with a 159sqm mezzanine, two office floors of 382sqm each, a third floor apartment of 195sqm and a two level basement of 1457sqm. The undeveloped piece of land has an area of c. 1240sqm. The shop has a large storefront and can accommodate many retail uses. The immediate area comprises of residential developments as well as commercial developments along Kantaras Avenue. The asset enjoys great accessibility due to its proximity to the Nicosia peripheral road. The asset falls within two planning zones: - Eβ5 with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m. - Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m. THE PRICE IS SUBJECT TO VAT. Reg. No. : 0/17406 EPC: Not Applicable All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.