#15880
For Sale, Prime Commercial Plots in Limassol Avenue, Agios Dimitrios, Strovolos, Nicosia
15,455,000€
#15880
For Sale, Prime Commercial Plots in Limassol Avenue, Agios Dimitrios, Strovolos, Nicosia
15,455,000€
8,094m²
16,000%
5,000%
8,094m²
16,000%
5,000%
Property Description
Prime commercial development plots extending to 8,094sq.m. and with capacity for a six-storey landmark project. The property consists of three (3) adjacent commercial plots ideally situated in the high-demand commercial hub of Strovolos, in Nicosia. Location: Strategically positioned in a prime city corridor on Limassol Avenue, serving as a landmark placement at the entrance of Nicosia. Surrounded by high-profile corporate buildings and retail hubs, ensuring long-term value appreciation.Property Highlights:
• Plot Size: 8,094sq.m. of flat, highly developable land.
• Development Scope: Zoned for high-density commercial or mixed-use building options.
• Zoning Specifications (Zone Εβ3):- Maximum Density: 160% - Maximum Coverage: 50% - Maximum Height: 24m / 6 Floors
• Plot Topography: 100% flat, rectangular terrain optimal for straightforward, cost-effective excavation and foundation layout. Key Advantages:
• Exceptional Four-Road Frontage: Corner exposure offering 390m of combined frontage.
• Infrastructure: Close proximity to the capital's commercial center and the bustling networks of the city's entrance.
• Investment Potential: This expansive parcel represents a significant opportunity for a major commercial hub or corporate headquarters. Its prominent size and location allow for flexible master-planning and high-density construction.
• Zoning Multipliers: The property benefits from added planning incentives that directly maximize allowable building density beyond baseline figures.
• Immediate Redevelopment Readiness: Existing obsolete structures are slated for demolition, offering a clear land area for immediate modern development. There are three (3) separate title deeds for this property.
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.
*Kindly note that photos marked as “Digital Design” are not real-life images but have been artificially generated to help you envision the property’s potential.
Property Info
15880
15,455,000€
Nicosia
Details
Land Type:
Plot
Town Planning Zone:
Commercial
Cover Factor:
5,000%
Building Density:
16,000%
Areas
Plot Area:
8,094m²
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.
