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


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.