Building for sale in Nicosia Walled Old City, Nicosia

Location
- This is a magnificent mixed use building, suitable for a variety of purposes, available in the most scenic and also more popular street of the old town.
- All amenities are just nearby, making life easy for any occupant.
External Characteristics
- Externally the building is impressive, very well presented and in an excellent condition.
Internal Characteristics
- The building is in an open plan state and can be easily transformed to satisfy the needs of the buyer.
- The ground floor level adds up to 204sqm. There is a very visible frontage with floor-to-ceiling windows, ideal for premium shops, and a separate entrance leading to the (installed) elevator area, where you can access the rest of the ground floor area where one can create an apartment that will feature access to the amazing back yard.
- Alternatively, the whole ground-floor level could become an amazing restaurant with a back yard.
- The 1st floor adds up to 200sqm and could be transformed to an amazing whole floor apartment or to multiple smaller residential units.
- Given the Governmental Subsidy Scheme for the Walled City, the possibilities here are endless.
- The 2nd floor features nice roof terrace and 72sqm of additional covered areas with multiple potential uses.
- The building falls into ΠΕΖ-εν commercial zone, with 180% building density, 70% coverage and 3 floor allowance.
- Considering the size of the land is 325sqm, there are more that 100sqm of unused building density that the new owner can take advantage of.

This is a great opportunity, for a spectacular property in an amazing location.

Advantages - Features
- Amazing Back yard.
- Top location.
- Installed elevator.
- more than 100sqm of unused building density.
- suitable for a variety of uses and purposes.

More than 400,000€, were recently invested into this property, upgrading foundations, electrical infrastructure, mechanical infrastructure, elevator installation and other maintenance and decorating works.