Description

The property is a mixed use building located in Pano Deftera, Nicosia, consists of a ground floor shop with a mezzanine, an apartment on the mezzanine/first floor, an incomplete second floor and a basement. The two ground floor shops are used as an educational institute and are comprised of a reception area, an office, 3 classrooms and an archive room totaling to approximately 241 sqm. of enclosed area, approximately 55 sqm. of covered parking area (piloti) and approximately 19 sqm. covered area leading towards the main entrance of the building The mezzanine consists of a kitchen, a storage area, and toilet of approximately 76 sqm. The mezzanine/first floor apartment consists of an open plan living area and kitchen, a bedroom, a bathroom of approximately 52 sqm. and a covered veranda of approximately 5 sqm. The incomplete second floor relates to three incomplete apartments, 1 one bedroom apartment & 2 two bedroom apartments, at initial stage of construction, totaling to approximately 210 sqm. of enclosed areas Additionally, the property offers a basement consisting of parking spaces and a toilet for disabled of approximately 445 sqm. The asset is located on Machaira Avenue approximately 1.2km from the motorway and falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction. Occupancy status: Rented