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Incomplete Building Complex in Egkomi Nicosia

Building
Sale
€ 3,500,000 +VAT
2805 m2
Nicosia, Engomi
Overview
Property ID : a30649
Building Type
Sale Contract
2805 Square meters
€ 3,500,000 +VAT Price
Incomplete Building Complex in Egkomi Nicosia
Nicosia, Engomi

Property description & location

Incomplete commercial building complex in a very good location in Egkomi Municipality in Nicosia District. The property is located at Egkomi Town Hall and Griva Digeni avenue.

The property is ideally situated close to a plethora of amenities and services such as cafes, restaurants, shops supermarket etc. In addition, the “Mall of Egkomi” and the 28th of October avenue are also a short drive away.

The building on the northeastern part comprises of a ground floor and a 1st floor and it level of construction and maintenance is good. It consists of office spaces, hygiene areas, reception, conference rooms, laboratories etc. The building is rented for 7,128 Euro per month. It has an area of 1155 sqm (approx.).

The building on the northern part of the western building comprises of a ground floor and a 1st floor. The building remains incomplete. It has an area of 470 sqm (approx.).

The southern part of the western building and the central building comprise of ground floor and 1st floor. They consists of office spaces, hygiene areas, reception, conference rooms, laboratories etc. They have an area of 1180 sqm (approx.).

It is considered as an ideal investment opportunity.

Current Planning Zone Details:

Planning Zone: ΕΠ2 (Special Zone)

Building Density: 120% (plus incentives)

Coverage Coeff.: 50%

Floors: 3

Max Height: 13,5m

The above planning zone allows the development of a variety of uses.

The acquisition process of the Energy Performance Certificate (EPC) is in progress.

 

The property is rented

 

District: Nicosia

Municipality: Egkomi

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