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Pay in USD and save up to $5,646An excellent investment opportunity in the heart of Anafotida village, this ground-floor commercial property offers high visibility, extensive frontage, and strong development potential. The asset comprises a ground-floor building with two independent commercial units, situated on a registered plot of 1,004 sq.m. along Archbishop Makarios III Avenue, one of the main arterial roads of the community. The property benefits from an impressive 73 metres of road frontage, ensuring exceptional exposure and accessibility. Constructed in 1992, the building consists of two separate shop units, each featuring an open-plan retail area and WC facilities. The total enclosed area is approximately 200 sq.m., while the generous plot size allows for future expansion or redevelopment, subject to planning permission. The property falls within Zone H2, with a building density coefficient of 90%, coverage of 50%, and permission for the construction of up to two floors with a maximum height of 8.3 metres.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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