Characteristics
Use: Commercial
Land Area: 772 m2 (whole share)
Title deed: The property has a separate title deed
Property Description & Location
The property for sale is a commercial plot in a unique location in Agios Vasilios Quarter, in Nicosia Municipality. This plot is located just 15 meters south of the intersection of Strovolou and Kantaras Avenues and 300 meters north of the Agiou Vasiliou High School.
It is an area that is characterized by its high level commercial activity, as Strovolou Avenue is one of Nicosia’s most central shopping streets.
The plot has a rectangular shape, a level topography and a street-front of 23 meters while within the plot there is a building that is considered undervalued.
It has a high building density (160%) and with the right planning permission, the plot could be utilized and developed in a commercial six-storey building of mixed or commercial use. It is a very good investment opportunity for a property developer.
The above price might be subject to VAT.
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