Commercial for sale
Strovolos, Nicosia, Cyprus
£9,453,398 *
[€11,380,000]
Full Description
Commercial Development for sale in prime location of Strovolos area, Nicosia. The property is strategically situated on one of the most commercial avenues in Nicosia, a bustling commercial hub, ensuring high visibility and traffic. The surrounded area is mainly characterized 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.
Commercial development for sale in Strovolos area, Nicosia district. At the moment, on the property there is a building complex with covered area of 4.335 sqm. The complex consists of showrooms, offices and a garage.
The development is built in a commercial land of 5.764 sqm. The land enjoys corner position and falls within commercial planning zone of Eß3, with 160% building density, 50% coverage and the ability to build a 24-meter-high development (up to 6 floors). Moreover, it has three road frontage, providing exceptional accessibility from all directions, ideal for businesses seeking maximum exposure. Specifically, on its eastern boundary the land has total road frontage of 130 meters, on its northern boundary has total frontage of 45 meters and on its western boundary has total frontage of 120 meters.
It is worth mentioning that the land has tremendous commercial development potential which the future investor can utilize the asset by constructing a large development.
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