Nicosia District, Nicosia

This two-storey commercial building with basement is located on Strovolou Avenue in Strovolos, Nicosia. The building consists of a basement of circa 435 sqm for use as parking area, a ground floor of approximately 275 sqm and an upper floor of 265 sqm. The immediate area is well developed and mainly consists of commercial developments, buildings comprising shops/showrooms and many other commercial uses. The wider area is developed with multi-storey residential buildings, composed of parking areas on the ground floors and flats on the upper floors. The asset falls within the Commercial Planning Zone Eβ3 with a building density coefficient of 160% and a coverage coefficient of 50%, over 6 floors and 24m maximum height. Plot area 577 m2.