This asset is a commercial building located on the corner of Makariou Avenue and Arnaldas Street, Nicosia.

The building comprises of five shops on the ground floor and four floors of offices and a basement. All five shops are occupied while the four floors are vacant.

The immediate area of the property is the main commercial centre of Nicosia and is fully developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use. Along Makariou Avenue there are numerous shops, cafeterias and banks as well as offices for many companies and government agencies.

The asset falls within planning zone ΠΕΖ-Εκτος with building density coefficient of 250%, coverage coefficient 70%.