The hotel is located west of Agios Ilarionas
The two-storey building on the site along Andrea Papacosta Street was previously used as an exhibition hall with a total area of c. 3,000sqm. Another building (2,520 sq.m.) is partially leased as a warehouse.
The immediate area of the asset is a fully developed area with numerous industrial buildings (factories and warehouses), exhibition halls and offices.
This property provides easy access to all areas of Nicosia via John F. Kennedy and Kantaras Avenues.
The area is characterized as a Special Zone Zone according to the latest local plan in Nicosia, allowing commercial use, such as exhibition halls, galleries, DIY hypermarkets, cinemas, student halls, etc.
The property is zoned as EΠ6 (special use) with a building density of 160%, an area of 50% and a maximum of 4 floors.
