Nicosia, Agioi Omologites, Cyprus

The property comprises of four continuous plots with total land area of 2.126 m2 and are situated within Agioi Omologites quarter in the Municipality and District of Nicosia.

The plots are located approximately 940 meters from the Venetian Walls of Nicosia, 310 meters southwest of the Ministry of Finance and 170 meters west of the traffic lights of the junction between Dimostheni Severi and Grivas Digenis Avenues.

The property abuts along its western boundary onto Lord Byron Street and along its southern boundary onto Grivas Digenis Avenue with a total frontage of approximately 80 meters. It also abuts along its northern boundary onto registered public street, which is a dead end, with a frontage of approximately 30 meters.

The immediate area is mainly developed with multi-storey buildings which comprise of offices, as well as residential flats. The buildings with frontage onto the busiest streets of the area are also being used as showrooms and for commercial purposes.

This property consists of:

Property with registration number 0/7262, extending to approximately 792 sq.m. in total and falls within Zone ΕΖ-δ, with a building coefficient of 200%, coverage of 60%, and permission for 8 floors (31m) of construction.  
Property with registration number 1/1548, extending to approximately 812 sq.m. in total and falls within Zone ΕΖ-δ, with a building coefficient of 200%, coverage of 60%, and permission for 8 floors (31m) of construction.  
Property with registration number 1/1731, extending to approximately 262 sq.m. in total and falls within Zone ΕΖ-δ, with a building coefficient of 200%, coverage of 60%, and permission for 8 floors (31m) of construction.  
Property with registration number 1/1809, extending to approximately 260 sq.m. in total and falls within Zone ΕΖ-δ, with a building coefficient of 200%, coverage of 60%, and permission for 8 floors (31m) of construction.

Asking price for the specific asset is negotiable.

The property is subject to VAT.