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Detached Villa - Nicosia, Kaimakli6078

Kaimakli, Cyprus

Published: 21 Feb 2023

4.218.000EUR

5520 m²

Detached Villa - Nicosia, Kaimakli

The property is situated west of Agios Ilarionas
The two-storey building on the plot along Andrea Papacosta Street was previously used as a showroom with a total area c. 3,000sqm. The other building (2,520 sqm) is partially rented as a storage space.
The immediate area of the asset is a fully developed area with numerous industrial buildings (factories and warehouses), showrooms, and offices.
The property benefits from easy access to all areas of Nicosia via John Kennedy and Kantaras avenues.
The area is characterised as Special zone area per the latest Nicosia Local Plan, allowing for commercial use, such as showrooms, galleries, DIY hypermarkets, cinemas, student halls etc.
The property is zoned as ΕΠ6 (special use) with 160% building density, 50% coverage and a maximum of 4 floors.