Building for sale in Nicosia Municipality, Nicosia

The properties for sale are a commercial building and a vacant plot, that are centrally located in Trypiotis Quarter of Nicosia Municipality. The property is situated along Archbishop Makarios III Avenue (Makariou), one of the most vibrant and popular streets of Nicosia.In the surrounding area there is a plethora of amenities and services such as banks, restaurants, cafes, shops and residential and commercial buildings.The property is situated approximately 200 meters southeast of the junction of Makariou and Evagorou Avenues and approximately 100 meters northwest of the junction of Makariou and Stasandrou Avenues.It is a six storey building which was constructed 30 years ago (approx.). The vacant plot is asphalted and is used as a parking space.The building has an enclosed area of 2,500 sqm and consists of 14 shops on the ground floor and 12 offices on the 6 upper floors. All units in the building are vacant.The vacant plot has 23 meters frontage on Zinas Kanther Str., while the building has 21 meters frontage on Makariou Ave.The property lies within the ΠΕΖ planning zone (Commercial Development City Centre Zone), with Building Density of 250%.The property has the potential for further commercial and residential development.More importantly, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the "Nicosia City Centre Local Plan". THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED - - - - - - - - - - - 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.  - - - - - - - - - - - - - District: Nicosia Municipality: Nicosia Municipality Quarter: Tripiotis