According to Insider, a well-known building in the centre of Nicosia has been sold for the amount of €1.4 million.
The building in question is the four-storey Sideris Centre building located in the area of Trypiotis opposite the central Costa Coffee.
The property in Gordian’s portfolio was sold through G&P Lazarou to a Cypriot investor who will soon proceed with a new development in the area.
The property has a facade spanning 22 metres and covers an area of 596 square metres.
It has a building factor of 250%, coverage of 70% up to the 4th floor, and 60% for the other floors.
The building was erected in 1980.
The sale of the building was announced through the personal social media account of the G&P Lazarou CEO, Petros Lazarou.