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City Plaza – Building For Sale

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City Plaza – (Building For Sale)

District: Nicosia, Locality: Tripiotis

28 Arch Makarios Avenue, Nicosia

Reg. Number: 25/3731

Sheet/Plan: 51/540202

Section: 25

Plot Number 889

Area 2.447m2


The building is found in Arch Makarios III avenue in Nicosia, the most central and commercial avenue of the island. It is comprised of 74 units / shops.

The building is part of the Nicosia Local Plan and according to the incentives offered, the Building Coefficient could increase from current 250% to 425% as described in the “Nicosia Center Area Plan 2016” and “Incentive Plan 2016-2019 (for parking spaces for public use)”

City plaza in detail at its current status

  • Location – Makarios III Street Nicosia Cyprus
  • It is comprised of a subterranean basement /parking lot which can accommodate 75 cars approximately and storage facilities. The parking lot has access to the main lifts that connect it to the whole building and the car ramp that connects it to the main street.
  • The rest of the building is comprised of the basement low level floor , the ground level and three additional floors
  • The  basement is comprised of 943m2 of shop space, the ground floor of 778m2 of shop space, first floor of 819m2, the second floor of 897m2 and the third of 1232m2 shop space
  • As it stands the building can be used as a shopping center. Another option would be to be used as a combination of shops and offices since there has been a provision for offices too.

The top floor is a united lot without any partitions offering freedom of space and individual utilization.

Country: Cyprus
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Property Id : 19454

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