Commercial building for sale, Nicosia Center.

The properties for sale are a commercial building and a vacant plot, that are centrally located in Trypiotis Quarter of Nicosia Municipality, 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 and residential and commercial buildings.

It is a six storey building which was constructed 30 years ago (approx.). The vacant plot is asphalted and is used as a parking space.

The building has an enclosed area of 2,500 sqm and consists of 14 shops on the ground floor and 12 offices on the 6 upper floors. All units in the building are vacant.

The property lies within the ΠΕΖ planning zone (Commercial Development City Centre Zone), with Building Density of 250%.

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".