€11,380,000 $12,339,320
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Pay in USD and save up to $431,876Planning Zone
Commercial (ΕΒ3)
Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)
Coverage: 0.5
Density: 1.6
Height: 24 meters
Allowed stories: 6
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Nearby planning zones
Residential: 0.29 Km
Tourist: 32.71 Km
Industrial: 2.65 Km
Agricultural: 3.82 Km
Farm: 8.25 Km
Key features
- Listing ID: 1550121 (altia1828)
- Plot: 5764 sqm
Description
This commercial field is located on Limassol Avenue, Strovolos Municipality and has tremendous commercial development potential. Limassol Avenue has been established as one of the most commercial Avenues of Nicosia, with tremendous traffic flow during all hours of the day. The subject area is mainly characterised by shops, restaurants, schools, banks, gym, supermarkets and almost every type of service. The property has added planning incentives which further add to the allowable building density.
The Land size is 5.764 square meters.
The property enjoys a corner position, it abuts on its eastern boundary along Limassol Avenue with total frontage of 130 meters, on its northern boundary along Chrysanthou Mylonas Street with total frontage of 45 meters and on its western boundary along Charalambou Michael Street with total frontage of 120 meters.
At the moment, on the property there is a building complex, consisting of showrooms, offices and a garage., which it is considered economically obsolete, after taking into consideration the large development potential.
Key Advantages:
• Strategic Location: Situated on Limassol Avenue, a bustling commercial hub, ensuring high visibility and traffic.
• Three-Road Frontage: Exceptional accessibility from all directions, ideal for businesses seeking maximum exposure.
Asking price for the specific asset is negotiable.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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