Well known parking in Nicosia sold out at the price 5.5 million euro.

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Three commercial plots of 2,744 sq.m. which are currently used as parking, sold by the Bank of Cyprus for the amount of € 5.5 million to a foreign investor.

The parking lot is located right opposite the Ministry of Energy on Makariou Avenue and on Naxos Street in the center of Nicosia.

The property is located in a commercial area and allows the construction of three buildings of 10, 6 and 5 floors.

According to InBusinessNews, the buyer is a foreign investor of European origin, who intends to build a state-of-the-art Business Center.

It is worth noting that the Bank of Cyprus, although it had set a sale price of € 6,130,000, nevertheless locked the deal at € 5,500,000.