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Pay in USD and save up to $9,793This property presents a high-value redevelopment opportunity in the heart of Strovolos Municipality, Nicosia. While the site currently contains an older detached house, the highest and best use of the land lies in its exceptional commercial zoning and strategic location.
Key Site Details:
• Land Area: 336 sq.m.
• Existing Structure: A ground-floor obsolete house of 97 sq.m.
Development-Ready Advantage:
A demolition permit has already been issued, valid from 16/10/2025 until 16/10/2028. The existing structure is a ground-floor building, therefore, demolition costs are projected to be low allowing for a swift and cost-effective transition to the construction phase.
Zoning & Potential (Zone Εβ4):
The property falls within the Εβ4 Commercial Zone, offering high density and vertical development flexibility:
• Building Coefficient: 140%
• Coverage: 50%
• Floors: 4 Floors (potential for 5 floors via Planning Incentives)
• Height: 17m
Ideal Project: A modern mixed-use development consisting of ground-floor shops and 4 whole-floor premium apartments.
Strategic Location:
Situated in a high-demand administrative hub:
• Immediate access to the commercial center of Nicosia.
• Within walking distance to amenities and services.
There is a separate title deed for this property.
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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