Commercial Building in City Center, Nicosia

Reference ID: #SA26242 Price details: €6,825,000 +VAT Located at the entrance of Nicosia, at what possibly can be described as the best location in Nicosia, the project offers easy access to the highway leading to the airport (30 minutes) and Limassol (45 minutes) as well as easy access to the Centre of Nicosia. The area has developed as a business Center with the Head Offices of the Hellenic Bank, the Head Offices of ex Laiki Bank (now Bank of Cyprus), insurance companies, Electricity Authority Offices etc., all located nearby. The plot size is 1.933 sq. m. Permits allows the construction of 4.773 square meters of office space and three basements providing 151 parking spaces and some store rooms. The proposed development consists of 9 floors providing flexible office space, ranging from 258 sq. m. to 740 sq. m. per floor. The design allows, amongst other, the flexibility for the building to be separated equally into two office buildings. The property belows to SPV and interested party can pay the shares of company.