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Mix Used Building in Panagia Nicosia

Building
Sale
€ 700,000 NO VAT
432 M2 m2
Nicosia, Panagia
Overview
Property ID : A44959
Building Type
Sale Contract
4 Bedrooms
3 Bathrooms
432 M2 Square meters
€ 700,000 NO VAT Price
Mix Used Building in Panagia Nicosia
Nicosia, Panagia
Available for sale is a two-storey mixed-use building with basement space in a unique location in the Quarter of Panagia, Municipality of Nicosia.The property is corner, rectangular in shape with a smooth flat surface, abutting on Leoforos Poulia – Kapota Avenue on its northern boundary,  the public road of Kerkyra on its eastern boundary, and a total frontage of approximately 46 meters.It needs to be noted that wwithin the property is a two-story mixed-use building.

Within the property there is a two-storey mixed-use building which was construction around 1991 and consists of a basement, a gym with a mezzanine and an office on the ground floor, and two flats on the first floor.

The basement is used for storage.

The northern part of the ground floor is now used as a gym, and the mezzanine has been converted into a utility room and restroom area.  The southern part of the ground floor is now used as an office. Part of the parking area has also been converted into interior space.

The flat with door no. 101 on the 1st floor comprises a living/dining room/kitchen as an open-plan area, a toilet with bathroom, covered verandas and two bedrooms, one of which has an office area.

The flat with door number 102 on the 1st floor comprises a living room/kitchen as an open-plan space, an office room, a toilet with bathroom, covered/uncovered verandas, two bedrooms, the master bedroom with en-suite shower room and toilet.

The interior area of the ground floor is approximately 211 sq.m., the mezzanine is approximately 108 sq.m., and the basement is approximately 36 sq.m. The flat with door number 101 is approximately 137 sq.m. and the uncovered veranda is approximately 9 sq.m.  The interior area of flat no. 102 is approximately 84 sq.m., the covered veranda is approximately 10 sq.m. and the uncovered veranda is approximately 4 sq.m.

The property has the possibility for further development, both residential and commercial.

The property falls within Urban Planning Zone ΕΖ-α (Eastern Commercial Development Zone – Outside the walls) with a Maximum Building Density of 200%.

The ground floor is rented for €1700/month.

 

District: Nicosia

Municipality: Nicosia Municipality

Quarter: Panagia

Characteristics

Title deed: The property has a separate title deed

  • 432 m2
  • 108 m2 Mezzanine
  • 552 m2 Land
  • 4 Bedrooms
  • 3 Bathrooms

 

Services and facilities

  • Veranda : 10 m2 Covered + 13 m2 Uncovered
  • Storage room

 

The property is rented

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