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Pay in USD and save up to $455,734Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)
Coverage: 0.5
Density: 1.6
Height: 24 meters
Allowed stories: 6
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Residential: 0.33 Km
Tourist: 32.68 Km
Industrial: 2.61 Km
Agricultural: 3.78 Km
Farm: 8.22 Km
Reference ID: details: €11,300,000This commercial field is located on Strovolos Municipality and has tremendous commercial development potential.The subject area is mainly characterised by shops, restaurants, schools, banks, gym, supermarkets and almost every type of service.The property has added planning incentives which further add to the allowable building density.The property enjoys a corner position.At the moment, on the property there is a building complex, consisting of showrooms, offices and a garage., which it is considered economically obsolete, after taking into consideration the large development potential.Key Advantages:• Strategic Location: a bustling commercial hub, ensuring high visibility and traffic.• Three-Road Frontage: Exceptional accessibility from all directions, ideal for businesses seeking maximum exposure.
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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