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Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)
Coverage: 0.5
Density: 1.4
Height: 17 meters
Allowed stories: 4
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Residential: 0.32 Km
Commercial: 0.33 Km
Tourist: 34.02 Km
Industrial: 2.43 Km
Agricultural: 1.15 Km
Farm: 3.18 Km
The property comprises two adjacent commercial fields, offered as a single unit, with a total land area of 827sq.m. It is ideally situated within the Lakatameia Municipality, Agios Nikolaos parish in the Nicosia District.
Property Highlights:
•Total Field Area: 827sq.m. (Comprising two adjacent fields offered as a single unit).
•Access: Extensive 18m of road frontage along the high-traffic Archiepiskopou Makariou III Avenue.
•Terrain: Regular shape with a flat surface, offering optimized building efficiency and immediate development readiness.
Key Features: A strategic commercial asset ideal for a high-density retail hub or corporate offices. Its prominent avenue location ensures maximum brand exposure, while the flat topography significantly reduces initial site preparation costs.
Location: Strategically positioned in the heart of Lakatameia's commercial corridor, surrounded by established businesses and residential clusters, ensuring high footfall and long-term value appreciation.
Zone: The property falls within Commercial Zone Eβ4, allowing for a building density of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.
A past planning permit for one (1) shop and ten (10) apartments (valid 2009–2013) highlights the site’s commercial viability. This established project history provides a streamlined foundation for a prospective buyer to renew and finalize the development.
There is a separate title deed for this property.
Disclaimer - Property reference 8468538. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.