This asset is commercial building in the Faneromenis area, within the Nicosia walls.
The asset comprises of a unified shop with mezzanine of 371sqm on the ground floor, a shop of c. 52sqm on the ground floor and an apartment of c. 225sqm on the first floor.
The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.
Ledras and Onasagorou Streets are two of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals. The asset is partially occupied.
The asset falls within two planning zones: Commercial zone ΠΕΖ with building density coefficient of 180%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m. Commercial zone ΠΕΖ-EZ with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11.5m.