Property ID : A6
Sold €470,000 - Mixed Use Commercial
Mixed use building located in Pano Deftera, Nicosia, consists of a ground floor shop with a mezzanine, an apartment on the mezzanine/first floor, an incomplete second floor and a basement.
The two ground floor shops are used as an educational institute and are comprised of a reception area, an office, 3 classrooms and an archive room totaling to approximately 241 sq.m. of enclosed area, approximately 55 sq.m. of covered parking area (piloti) and approximately 19 sq.m. covered area leading towards the main entrance of the building
The mezzanine consists of a kitchen, a storage area, and toilet of approximately 76 sq.m.
The mezzanine/first floor apartment consists of an open plan living area and kitchen, a bedroom, a bathroom of approximately 52 sq.m. and a covered veranda of approximately 5 sq.m.
The incomplete second floor relates to three incomplete apartments, 1 one bedroom apartment & 2 two bedroom apartments, at initial stage of construction, totaling to approximately 210 sq.m. of enclosed areas
Additionally, the property offers a basement consisting of parking spaces and a toilet for disabled of approximately 445 sq.m.
The asset is located on Machaira Avenue approximately 1.2km from the motorway and falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.
The incomplete second floor, will be subject to VAT.
