For Commercial building and a vacant Plot in the center of the commercial area in Tripiotis Nicosia
Location
· The property for is a commercial building and a vacant plot, which are centrally located in Tripiotis quarter of Nicosia Municipality.
· The property is situated in one of the most vibrant and popular streets of Nicosia.
· In the surrounding area, there is a plethora of amenities and services such as banks, restaurants, cafes, shops, residential and commercial buildings.
External Features
· A six-storey building, which was constructed in 1990.
· The vacant plot is asphalted and is used as a parking space.
Internal Characteristics
· The building has an enclosed area of 2,500 sq.m. and consists of 16 shops on the ground floor and 14 offices on the 6 upper floors.
· All units in the building are vacant.
Advantages – Special Features
· The property has the potential for further commercial and residential development.
· More importantly, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan .
