Commercial/Residential development opportunity, Nicosia
Asking Price €595.000
Property Viewings
Property Summary
- Commercial development opportunity in Andrea Avraamide avenue, Strovolos, Nicosia.
- As a commercial plot, it has huge potential to be developed to a high rise commercial building, subject to acquiring the relevant permits,
- It falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance.
- Plot extending to approximately 530 sq. m.
- Within the plot there is currently a house which consists of two floors.
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Property description
- Commercial development or residential renovation opportunity in Strovolos, Nicosia.
- As a commercial plot, it has huge potential to be developed to a high rise commercial building, subject to acquiring the relevant permits, since it falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance.
- Within the plot there is currently a house which consists of two floors. The ground floor consists of a living and dining area, a kitchen and a bathroom. The first floor consists of 4 bedrooms, one of which has en-suite bathroom and a family bathroom. Externally, there is a spacious yard, verandas and two covered parking areas.
Location
- The property is in Nicosia, Dimos Strovolou, Apostolos Varnavas & Agios Makarios, under Land Reg. No. 10/959
- The property is is located in Andrea Avraamide street, 50m from Athalassas Avenue and approximately 500m to kalispera traffic lights, and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others.
Tenancy
- Vacant possession.
Zoning
- The property falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance.
VAT
*Terms & Conditions
Islanders Estate Agencies Ltd as a licensed Estate Agent, T/A BidX1 Cyprus Sales, Registration No: 799 / Licence No: 376/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
