New luxury building in the heart of Nicosia

В центре Никосии появится новое роскошное здание
3 August 2020 Angelica Michael

A Cypriot investor bought a plot for the amount of €1.2 million in the Center of Nicosia though the electronic auction process of G&P Lazarou.

These are essentially two plots of 905 m2 on Heras street in Nicosia.

The plots are located at a distance of 70 m from the Stasinou Avenue and 180 m from the roundabout of Ohi and one of the most beautiful building in Cyprus - Tower 25.

В центре Никосии появится новое роскошное здание

The plots are located in the commercial zone with a building factor of 200% and coverage of 60%, which allows the construction of a six-storey building with a maximum height of 24 m. 

According to information from InBusinessNews, the investor who bought the property will build a mixed-use building, which will consist of luxury apartments, offices, and shops.

Source: InBusinessNews 

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