2074 SQM Land for sale in Strovolos, Nicosia

Large commercial field in a central location of Agios Vasileios Quarter, in Strovolos Municipality. It is located just 30 meters west of Athinon Avenue and about 360 meters south of Strovolos Town Hall.It is situated in a central and active area, characterized by its commercial and residential activity and offers a variety of amenities and facilities such as schools, supermarkets, bus stops and other facilities.The field has an area of 2.074 sq.m. and has an irregular shape, a level surface and abuts onto a public road along its northern (Serron Street) and southern (Irakleous Street) boundary with frontage of 20 meters and 10 meters, respectively.It has a building density of 120% and with the right planning permission, the property could be utilized and developed in a commercial three-storey building of mixed or commercial use.This property is bordered by government owned land on its southwestern border.The property is affected by road widening scheme of approximately 27sqm.It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storages on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storages. Tenders submitted for an Amount below the Reserve Price shall be rejected. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).