Commercial for sale, Nicosia, Palouriotissa

This two-storey building was built in 1974 and is in very good condition, located in Pallourotissa. The asset is very close to Frederick University and has a relatively large facade The property is zoned Eβ4 with a building density of 140%, coverage of 50%, and a maximum height of 17m over 4 floors. It has a covered area of 540 sq.m and comprises of: Three shops on the ground floor. Two apartments of three-bedroom each on the first floor. Side and back yard Parking spaces in the front One of the apartments was renovated about 10 years ago and is in very good condition with very good materials. it comprises an internal area of 134 sq.m. and an external area of 18 sq.m.: Fairly large open plan living room, dining room, and kitchen. Three spacious bedrooms En-suite with shower A main bathroom with a bathtub Guest toilet Laundry room Two balconies Barbeque area in the front balcony The second apartment is also in quite good condition and comprises an internal area of 134 sq.m. and an external area of 18 sq.m. It has: Open plan living room and dining room Separate kitchen Three spacious bedrooms A main renovated bathroom with a bathtub Renovated guest toilet Storage space above the toilets Two balconies The shops on the ground floor have covered areas of: Shop 1: Internal area 78 sq.m. αnd also covered auxiliary unit that is integrated with the rest of the shop with an area of 24 sq.m. Shop 2: Internal area 45 sq.m Shop 3: Internal area 86 sq.m. αnd also covered auxiliary unit that is integrated with the rest of the shop with an area of 3 sq.m. For this shop, approval was given for change of use in a takeaway shop. Urban planning approval (expired) has also been given for the construction of a second floor which would consist of four two-bedroom apartments. Vat NOT Applicable.