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Residential Land For Sale

Picture of Residential Land For Sale in Strovolos, Nicosia, Cyprus

€11,380,000

Strovolos
Strovolos, Nicosia, Cyprus

5,764 sqm

Year Built: 0

Listed By: Bezino Trading Ltd

Listed On: 12/03/2024

Listing ID: GL11991262 View More Details

Description

Reference ID: #SA33087Price details: €11,380,000This commercial field is located on Strovolos Municipality and has tremendous commercial development potential.The subject area is mainly characterised 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.The property enjoys a corner position.At the moment, on the property there is a building complex, consisting of showrooms, offices and a garage., which it is considered economically obsolete, after taking into consideration the large development potential.Key Advantages:* Strategic Location: a bustling commercial hub, ensuring high visibility and traffic.* Three-Road Frontage: Exceptional accessibility from all directions, ideal for businesses seeking maximum exposure.

Reference number: SA33087
Density: 160%
Coverage: 50%
Land type: Plot
Plot area: 5764 m2
Plot Type: Commercial
Square meter price: €1.974 /m2:
Source: The World Property Journal

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