Buildings - Nicosia, Nicosia

The property concerns a two storeys, high spec, industrial warehouse, located in Panagia, Nicosia. The property is adjacent to Michali Paride Street on its south boundary with a road frontage of c. 102m, and is situated 150m north of John Kennedy Avenue and circa 600m northwest of SOPAZ roundabout. The property consists of a ground floor of 2310sqm and a first floor of an area of 1010sqm. The immediate area of the property is a fully developed area with numerous industrial buildings and warehouses as well as some factories, showrooms and offices of average to good quality. The property benefits from easy access to all the areas of Nicosia via John Kennedy and Andrea Zakou Avenues. The area is characterised as Special zone area as per the latest Nicosia Local Plan, allowing for several commercial uses i.e. showrooms, galleries, DIY, hypermarkets, cinemas, student halls etc. The asset falls within a special use planning zone EΠ6 (special use), with building density coefficient 160%, coverage coefficient 50%, in 4 floors.