Investment Opportunity in Lakatameia

The property comprises two adjacent commercial fields, offered as a single unit, with a total land area of 827sq.m. It is ideally situated within Lakatameia Municipality, Agios Nikolaos parish in Nicosia District.

It is located approximately 620 meters southwest of the Agia Paraskevi Lakatamia's Elementary school, situated next to ‘Marks and Spencer’ store. It abuts on its eastern boundary with high-traffic Archiepiskopou Makariou III Avenue

Strategically positioned in the heart of Lakatameia's commercial corridor, surrounded by established businesses and residential clusters, ensuring high footfall and long-term value appreciation.

The field has a regular shape with an even surface offering optimized building efficiency and immediate development readiness. The field has frontage on register road 18 meters.

The property falls within Commercial Zone Eβ4, allowing for a building density of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.

A past planning permit for one (1) shop and ten (10) apartments (valid 2009–2013) highlights the site’s commercial viability. This established project history provides a streamlined foundation for a prospective buyer to renew and finalize the development.

There is a separate title deed for this property
Furthermore the basement comprises of two parts: the supermarket's storage area with cold storage spaces and a single sales area product display (clothing) and fitting rooms.
The first floor of the building comprises of an open space for product display, fitting rooms and toilets (men and women) and a server room.
The second floor consists of three sections: a restaurant / cafeteria, staff area and refrigeration area. The restaurant comprises of an open plan dining area, kitchen, storage, cashier, cafeteria and toilets for men and women. The staff area comprises of women’s locker room, men’s locker room, cleaner’s storage room, meeting room and a kitchen.

The property with Reference number 1616 is a plot with a mixed use three-storey building.
The building consists of a ground floor with a mezzanine (open space store) and two floors with a total of three apartments.

The asset is located approx. 900m northwest of the "The landmark" hotel, approx 550m south of “Eleftheria” Square and approx. 1.7km from the Presidential Palace.