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Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 1
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Commercial: 0.46 Km
Tourist: 32.01 Km
Industrial: 1.11 Km
Agricultural: 2.28 Km
Farm: 7.28 Km
The property is a shared (5.79%) of field/estate, part of a large mixed-use land in Strovolos. The field has a total land area of 231,920sqm and Gordian's share corresponds approximately to 13,416,97 sqm.
It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters. It is situated just a few meters away from the Electricity Authority Headquarters and 150m from Hellenic Bank's Headquarters.
It has frontage of about 390m on three public roads/avenues. Provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away, offering access to all amenities and services.
There is a building permit (subdivision/road construction permit) for the division of the estate into 15 plots. Upon the completion of the division, Gordian will own plot no. 1 with a land area of approximately 12,820 sqm. The property can benefit from the special incentives for developments allowed by Nicosia local plan.
There is a distribution agreement in place between the co-owners. This is a unique opportunity for both residential and mixed-use development.
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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