The asset constitutes of 1 office which is part of an 8 storey commercial building named “Iris Tower”. The office is located on the fifth floor with a total area of 427 sqm. The asset is located on Archiepiskopou Makariou III Avenue at a short distance of the intersection of Spyrou Kyprianou Avenue and Digeni Akrita (Lykavitos intersection). The office is equipped with 5 wc, server room, kitchen, etc. The office has the right of use of 4 parking spaces. Archiepiskopou Makariou Avenue is established as one of the busiest streets in Nicosia with mixture residential and commercial properties. Most local buildings consist of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. The asset falls within the Eβ1 commercial planning zone, with building density coefficient 200%, coverage coefficient 50%, in 10 floors and a maximum height of 38m as well it falls in Kα3 residential planning zone, with building density coefficient 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m.
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