2,074 SQM Land for sale in Strovolos, Nicosia

Location
• This commercial field is situated in a central location of Agios Vasileios Quarter, in Strovolos Municipality.
• It is located within a short walking distance from Strovolos Town Hall.
• The area, is characterised by commercial and residential activities and offers a variety of amenities and facilities such as schools, supermarkets, many shops and other services.
Land Characteristics
• The field has an area of 2.074sqm with irregular shape and a level surface.
• It borders two public roads with a frontage of 20 metres and 10 metres, respectively.
• It falls within the planning zone Eβ5 with building density 120% and building coverage 50%. that can be built up to three floors.
• With the right planning permission, the property could be utilised and developed in a commercial three-storey building of mixed or commercial use.
• This property is bordered by government-owned land on its southwestern border.
• The property is affected by a road widening scheme of approximately 27sqm.
Advantages - Special Features
• Large commercial field in a high demand location.
• It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storage rooms on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storage rooms.