About this property
Prime 5,764sq.m. commercial development plot with capacity for a six-storey landmark project, ideally situated in a high-demand commercial hub of Strovolos, in Nicosia district.
Location: Positioned on Limassol Avenue in the Agios Dimitrios parish, this property enjoys close proximity to banks, corporate showrooms, and high-end services.
Property Highlights:
• Plot Size: 5,764sq.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 Three-Road Frontage: Dramatic corner exposure offering 295m of combined frontage (130m on Limassol Ave, 45m on Chrysanthou Mylonas St, and 120m on Charalambou Michael St) ensuring unmissable visibility and seamless site ingress/egress.
• Zoning Multipliers: 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, blank canvas for immediate modern development.
There is a separate title deed for this property.
*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.
