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Commercial Development for sale in prime location of Strovolos area, Nicosia

USD 13,364,840

Office & Commercial space (For sale)

46,662 sqft
lot 62,043 sqft
Reference: WJTH-T2041 / 47151
Located in Nicosia.
Commercial Development for sale in prime location of Strovolos area, Nicosia. The property is strategically situated on one of the most commercial avenues in Nicosia, a bustling commercial hub, ensuring high visibility and traffic. The surrounded area is mainly characterized by shops, restaurants, schools, banks, gym, supermarkets and almost every type of service. The property has added planning incentives which further add to the allowable building density. Commercial development for sale in Strovolos area, Nicosia district. At the moment, on the property there is a building complex with covered area of 4.335 sqm. The complex consists of showrooms, offices and a garage. The development is built in a commercial land of 5.764 sqm. The land enjoys corner position and falls within commercial planning zone of Eβ3, with 160% building density, 50% coverage and the ability to build a 24-meter-high development (up to 6 floors). Moreover, it has three road frontage, providing exceptional accessibility from all directions, ideal for businesses seeking maximum exposure. Specifically, on its eastern boundary the land has total road frontage of 130 meters, on its northern boundary has total frontage of 45 meters and on its western boundary has total frontage of 120 meters. It is worth mentioning that the land has tremendous commercial development potential which the future investor can utilize the asset by constructing a large development.
View more View less Located in Nicosia.
Commercial Development for sale in prime location of Strovolos area, Nicosia. The property is strategically situated on one of the most commercial avenues in Nicosia, a bustling commercial hub, ensuring high visibility and traffic. The surrounded area is mainly characterized by shops, restaurants, schools, banks, gym, supermarkets and almost every type of service. The property has added planning incentives which further add to the allowable building density. Commercial development for sale in Strovolos area, Nicosia district. At the moment, on the property there is a building complex with covered area of 4.335 sqm. The complex consists of showrooms, offices and a garage. The development is built in a commercial land of 5.764 sqm. The land enjoys corner position and falls within commercial planning zone of Eβ3, with 160% building density, 50% coverage and the ability to build a 24-meter-high development (up to 6 floors). Moreover, it has three road frontage, providing exceptional accessibility from all directions, ideal for businesses seeking maximum exposure. Specifically, on its eastern boundary the land has total road frontage of 130 meters, on its northern boundary has total frontage of 45 meters and on its western boundary has total frontage of 120 meters. It is worth mentioning that the land has tremendous commercial development potential which the future investor can utilize the asset by constructing a large development.
Reference: WJTH-T2041
Country: CY
City: Nicosia
Postal code: 2014
Category: Commercial
Listing type: For sale
Property type: Office & Commercial space
Property subtype: Commercial space
Property size: 46,662 sqft
Lot size: 62,043 sqft
No. of levels: 2
Furnished: Yes
Parkings: 1
Air-conditioning: Yes
Main sewer: Yes

SALE PRICE PER SQFT IN NICOSIA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 205
+2.5%
+4.1%
Apartment
USD 246
+3%
+9.4%

AVERAGE HOME VALUES IN NICOSIA

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