The property belongs to a two-storey, highly specialized, industrial warehouse located in Panagia, Nicosia.
The property is adjacent to Michali Paride Street on the southern border with a road facade of 102 m, and is located 150 meters north of John F. Kennedy Avenue and about 600 meters northwest of the SOPAZ roundabout.
The property consists of a ground floor of 2310m2 and a ground floor of 1010m2.
The immediate area of ownership is a fully developed area with numerous industrial buildings and warehouses, as well as some factories, exhibition halls and offices of medium and good quality.
The property benefits from easy access to all areas of Nicosia via John Kennedy and Andrea Zakou Avenues.
The area is characterized as a Special Zone Area according to the latest local plan in Nicosia, which allows the use of several commercial facilities, i.e. exhibition halls, galleries, DIY, hypermarkets, cinemas, student halls, etc.
The asset falls into the special purpose planning zone EΠ6 (special use), with a building density coefficient of 160%, a coverage coefficient of 50%, on 4 floors.