Available for sale is a two-storey mixed-use building with basement space in a unique location in the Quarter of Panagia, Municipality of Nicosia. It is located approximately 210 meters east of the busy Salaminos Street and approximately 180 meters southeast of the B Technical School of Nicosia. The area is characterized by a plethora of services and amenities, which are mainly provided on its main streets.

The property is corner, rectangular in shape with a smooth flat surface, abutting on Leoforos Poulia – Kapota Avenue on its northern boundary,  the public road of Kerkyra on its eastern boundary, and a total frontage of approximately 46 meters.It needs to be noted that wwithin the property is a two-story mixed-use building.

Within the property there is a two-storey mixed-use building which was construction around 1991 and consists of a basement, a gym with a mezzanine and an office on the ground floor, and two flats on the first floor.

The basement is used for storage.

The northern part of the ground floor is now used as a gym, and the mezzanine has been converted into a utility room and restroom area.  The southern part of the ground floor is now used as an office. Part of the parking area has also been converted into interior space.

The flat with door no. 101 on the 1st floor comprises a living/dining room/kitchen as an open-plan area, a toilet with bathroom, covered verandas and two bedrooms, one of which has an office area.

The flat with door number 102 on the 1st floor comprises a living room/kitchen as an open-plan space, an office room, a toilet with bathroom, covered/uncovered verandas, two bedrooms, the master bedroom with en-suite shower room and toilet.

The interior area of the ground floor is approximately 211 sq.m., the mezzanine is approximately 108 sq.m., and the basement is approximately 36 sq.m. The flat with door number 101 is approximately 137 sq.m. and the uncovered veranda is approximately 9 sq.m.  The interior area of flat no. 102 is approximately 84 sq.m., the covered veranda is approximately 10 sq.m. and the uncovered veranda is approximately 4 sq.m.

The property has the possibility for further development, both residential and commercial.

The property falls within Urban Planning Zone ΕΖ-α (Eastern Commercial Development Zone – Outside the walls) with a Maximum Building Density of 200%.

The ground floor is rented for €1700/month.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

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The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Nicosia

Municipality: Nicosia Municipality

Quarter: Panagia