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Pay in USD and save up to $153,437Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 0.9
Height: 10 meters
Allowed stories: 2
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Residential: 0.99 Km
Commercial: 0.56 Km
Tourist: 37.02 Km
Industrial: 4.07 Km
Agricultural: 1.47 Km
Farm: 8.69 Km
Presenting a prime 3,549 m² commercial plot in Egkomi’s Special Zone, just 10 minutes from Nicosia city centre and close to key landmarks, amenities, and business hubs.
Development Potential (Approved Planning Permit)
- Total buildable area: ~8,800 m²
- Basement: 2,577 m² (including parking)
- Ground Floor: 512 m² lobby & business centre
- Office Spaces: 4,177 m² across 5 floors
- Common Areas: 336 m²
- Covered Verandas: 408 m²
- Uncovered Verandas: 459 m²
- Roof Garden: 605 m²
- Parking: 115 spaces (102 underground)
- Perfect for a corporate headquarters or multi-tenant office development
Existing Income
Rent: €11,000/month, lease until Nov 2026
Agreed renewal: €12,000/month for 1 additional year
Provides immediate yield with flexibility for future development
Investment Highlights
- Prime, high-demand commercial location
- Approved permit in place
- Strong existing income with development upside
- Excellent connectivity and infrastructure
A rare opportunity combining secure current income with exceptional long-term development potential.
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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