For Sale €3,811,000 - Commercial
This asset comprises of two well located plots totalling 3.902 sqm and is located in the heart of Strovolos, Nicosia.
The plots are available for sale individually or together. The larger plot totals 3.112 sqm the other plot totals 790 sqm.
Both plots benefit from a flat even surface and are located circa 100m from Pepsi Cola premises, 430m southeast of the Pediaios River and 950m northeast of the METRO roundabout. Strovolou Avenue is a critical part of the capital city’s transport network, as it has a heavy traffic flow with great access to both the city centre as well as the Nicosia – Limassol highway.
The immediate area comprises mixed use developments. Along Strovolou Avenue there are many commercial developments (showrooms and offices), whereas the secondary streets comprise residential developments (detached/semi-detached houses and residential units). The wider area is comprised of residential units and other multi-storey developments.
Due to the location, the plots under some circumstances can benefit from Planning incentives provided by the Ministerial Council in regards to the attraction and encouragement of projects for the construction industry.
The plots are served by utilities including water, electricity and telecommunications.
1.522 sqm of plot 0/13411 and 764 sqm of plot 0/13413 is zoned as Εβ3 (Commercial) with 160% building density, 50% coverage, 6 floors and a maximum height of 24m.
- Plot Area: 3902 m2
- Coverage Ratio: 50 %
- Build Density: 160 %