Prime Commercial Plots in Agios Dimitrios, Strovolos, Nicosia

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.

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.