5,180 SQM Land for sale in Strovolos, Nicosia

A field of 5.180 sqm within the Special Area Planning Zone is available for sale in Ap. Varnavas and Ayiou Makariou area in Strovolos, Nicosia. The subject property is located approximately 550m from the Mall of Cyprus, 450m south-east from the Nicosia hospital and is in close proximity to the Nicosia – Limassol motorway. The property is located in an attractive area as it is adjacent to Kalamon Street (one of the main arterial roads of the area), which experiences significant traffic flow and offers good access to the city centre and other neighborhood areas. It has a rather trapeze shape and a flat even surface. It also benefits of a total road frontage of circa 100m along Kalamon Street. The special-area zoned parcel may support the General Hospital with relevant developments (including parking spaces, small hotels, medical laboratories), as well as other types of development (including showrooms, offices, DIY stores and supermarkets). The immediate area is comprised of mainly industrial and large scale commercial units, such as the Nicosia General Hospital, Super Home Centre, and the Mall of Cyprus. It is serviced from utility services (electricity, water and telecommunication). The asset falls within the Special-Area Planning Zone ΕΠ5 with a building density coefficient of 100% and a coverage coefficient of 50% over 2 floors. The property is held in an SPV and may therefore benefit from reduced transaction expenses if sold as a share sale. Owner : Fitrus Properties Ltd Reg. No. : 0/12410 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.