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Transaction / Assets Office building in LimassolSeller REMUBuyer na€ MM 1.8
Cyprus: REMU sold commercial building in Nicosia for €1.8 m
REMU, the Real Estate Management Unit of the Bank of Cyprus, announced the completion of the sale of a commercial building in the heart of Nicosia, to a Cypriot investor, for the amount of € 1.8 m.
The property is located in the area of Agios Antonios in Nicosia, on Eugenias and Antoniou Theodotou streets. It has an area of 2,049 sqm. and is located on a plot of 673 sqm.
More specifically the property has a ground floor of 308 sqm with office space, another 3 floors 3of 08 sqm office space, while the top floor has 283 sqm office space. It also has a basement of 534 sqm with 11 parking spaces and 3 storage spaces. Finally, it has a building factor of 200%, which allows the construction of an 8-storey building with a maximum height of 31 meters.
Original Source: Philenews.com
Adaptation/Summary: Kiki Athanasiadis