About this property
Prime commercial development plots extending to 8,094sq.m. and with capacity for a six-storey landmark project. The property consists of three (3) adjacent commercial plots ideally situated in the high-demand commercial hub of Strovolos, in Nicosia.
Location: Strategically positioned in a prime city corridor on Limassol Avenue, serving as a landmark placement at the entrance of Nicosia. Surrounded by high-profile corporate buildings and retail hubs, ensuring long-term value appreciation.
Property Highlights:
• Plot Size: 8,094sq.m. of flat, highly developable land.
• Development Scope: Zoned for high-density commercial or mixed-use building options.
• Zoning Specifications (Zone Εβ3):
- Maximum Density: 160%
- Maximum Coverage: 50%
- Maximum Height: 24m / 6 Floors
• Plot Topography: 100% flat, rectangular terrain optimal for straightforward, cost-effective excavation and foundation layout.
Key Advantages:
• Exceptional Four-Road Frontage: Corner exposure offering 390m of combined frontage.
• Infrastructure: Close proximity to the capital's commercial center and the bustling networks of the city's entrance.
• Investment Potential: This expansive parcel represents a significant opportunity for a major commercial hub or corporate headquarters. Its prominent size and location allow for flexible master-planning and high-density construction.
• Zoning Multipliers: The property benefits from added planning incentives that directly maximize allowable building density beyond baseline figures.
• Immediate Redevelopment Readiness: Existing obsolete structures are slated for demolition, offering a clear land area for immediate modern development.
There are three (3) separate title deeds for this property.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
*Kindly note that photos marked as “Digital Design” are not real-life images but have been artificially generated to help you envision the property’s potential.
