For Sale €1,470,000 - Commercial
Two plots of 1.172 sqm zoned as commercial are available for sale in Strovolos, Nicosia.
The property comprises two adjacent plots in the Chryseleousa Quarter of Strovolos Municipality in Nicosia. It is located circa 500m from the junction of Iosif Hadjiosif, Perikleous and Antrea Avraamides street, 630m from Stavrou Street and 900m from the Strovolos Town Hall.
The subject plots have a rectangular shape, are 586 sqm each and benefit from a road frontage of circa 48m along Perikleous Avenue. The asset benefits from an excellent location and appealing characteristics including a flat even surface at the same height as the road surface and a beneficial commercial planning zone (Εβ4).
The asset is in close vicinity to the Nicosia city centre and other neighbourhoods. The immediate area comprises residential units (blocks of flats, detached and semi-detached houses) as well as shops, offices and mixed use developments. Points of reference in the immediate area include: Strovolos town hall, Ayia Marina Elementary school and ‘Arabica Coffee House’ cafe
The plot falls into planning zone Eβ4 (commercial) allowing 140% building density, 50% coverage, 4 floors and a maximum height of 17m. There is a Planning Permit 1635/10 for 10 residential units with the benefit of planning incentives.
- Plot Area: 1172 m2
- Coverage Ratio: 50 %
- Build Density: 140 %