Studio Detached house for sale in Nicosia Municipality, Nicosia

This is a great investment opportunity on the heart of city center. The building initially built in 1935 and renovation works were initiated. The current status of the building is incomplete and it consists of a basement, a ground floor, and a first floor. Upon the completion of the renovation works the building will consist of: - The basement to be used as a storage area with a toilet, with total covered area of approximately 215 sq.m. - The ground floor to be used as a shop and a covered veranda, with total internal area of approximately 153 sq.m. - The first floor with a two-bedroom apartment, consisting of an office, a kitchen, a sitting area, a dining room, a family bathroom, a guests' toilet, covered and uncovered veranda, with total internal area of approximately 115 sq.m. It is located on 46 Onasagorou Street, 170m southwest of Faneromeni church and about 250m away from Eleftherias square. The property falls within Zone ΕΖ-εν, with a building coefficient of 160%, coverage of 70%, and permission for 3 floors (11.5m) of construction. There is a separate title deed for this property.