Description

The asset is a field with total area of 2.200 sqm, in Strovolos, Nicosia. It is adjacent to Lefkotheou Street on its southern boundary, at a distance of 170 meters east of Apolonion Hospital and 350 meters north-west of K-Cineplex. It is also very close to many landmark buildings like the Makario Stadium, and Cyprus International Fair.

The plot has a rectangular shape with a total frontage of 42 meters. Its surface is flat and even.

The property has an excellent location and a very good proximity as it is surrounded by critical roads of the capital city’s transport network allowing it to offer great access to the town centre and other surrounding areas.

The immediate area is characterised by a limited number of commercial buildings as well as developments and land of similar use. The wider area of the property is a well-known residential area.

The asset has received planning permit for the development of a 3 floor block, which can house showroom, offices, basement, shed parking space and fencing.

The property falls within two planning zones:

-Commercial zone Εβ5 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 metres height.

-and Residential zone Κα6  with a maximum building density coefficient of 90% and a land coverage coefficient of 50% over 2 floors and 10 metres height.

Owner: Melsolia Properties Ltd

Reg. No. : 5/1408

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Additional Details