Prime Commercial Plots in Limassol Avenue, Agios Dimitrios, Strovolos, Nicosia
For Sale / EUR 15.455.000
77775070
or +357 95598488
Property ID:
VL55762
Office Code:
NEAL
Type:
Land / Plot
35
2
245
Area:
Strovolos
District:
Nicosia
Plot Size:
8.094 m2
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DESCRIPTION
Prime commercial development plots extending to 8,094sq.m. and with capacity for a six-storey landmark project. The property consists of three (3) adjacent commercial plots ideally situated in the high-demand commercial hub of Strovolos, in Nicosia.
Location: Strategically positioned in a prime city corridor on Limassol Avenue, serving as a landmark placement at the entrance of Nicosia. Surrounded by high-profile corporate buildings and retail hubs, ensuring long-term value appreciation.
Property Highlights:
? Plot Size: 8,094sq.m. of flat, highly developable land.
? Development Scope: Zoned for high-density commercial or mixed-use building options.
? Zoning Specifications (Zone ??3):
- 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 Four-Road Frontage: Corner exposure offering 390m of combined frontage.
? Infrastructure: Close proximity to the capital's commercial center and the bustling networks of the city's entrance.
? Investment Potential: This expansive parcel represents a significant opportunity for a major commercial hub or corporate headquarters. Its prominent size and location allow for flexible master-planning and high-density construction.
? Zoning Multipliers: The 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 land area for immediate modern development.
There are three (3) separate title deeds for this property.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
*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.
Location: Strategically positioned in a prime city corridor on Limassol Avenue, serving as a landmark placement at the entrance of Nicosia. Surrounded by high-profile corporate buildings and retail hubs, ensuring long-term value appreciation.
Property Highlights:
? Plot Size: 8,094sq.m. of flat, highly developable land.
? Development Scope: Zoned for high-density commercial or mixed-use building options.
? Zoning Specifications (Zone ??3):
- 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 Four-Road Frontage: Corner exposure offering 390m of combined frontage.
? Infrastructure: Close proximity to the capital's commercial center and the bustling networks of the city's entrance.
? Investment Potential: This expansive parcel represents a significant opportunity for a major commercial hub or corporate headquarters. Its prominent size and location allow for flexible master-planning and high-density construction.
? Zoning Multipliers: The 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 land area for immediate modern development.
There are three (3) separate title deeds for this property.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
*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.
MAIN PROPERTY FEATURES
