The plot in Strovolos, Nicosia, Cyprus is a prime corner property situated in a high-demand commercial area. Located in the Agios Dimitrios quarter of Strovolos Municipality, the plot in Strovolos, Nicosia, Cyprus lies at the intersection of Athalassas Avenue and Korai Street, approximately 330 meters southeast of “The English School” and 900 meters from the Presidential Palace.
This active location offers outstanding accessibility and proximity to various amenities, including supermarkets, restaurants, schools, cafes, and the Makarios Hospital. The plot in Strovolos, Nicosia, Cyprus benefits from seamless access to central Nicosia, enhancing its appeal for developers and investors.
With a total land area of 604 sq.m., the plot in Strovolos, Nicosia, Cyprus has a regular shape and smooth surface. It features a prominent road frontage of about 47 meters along its southwest boundary. Note that the property is affected by a compulsory road widening zone of approximately 107 sq.m., which should be taken into consideration during development planning.
As per the planning regulations, the plot in Strovolos, Nicosia, Cyprus is zoned Εβ3 (Commercial), with a building density of 160%, a coverage ratio of 50%, and permission for up to 6 floors with a maximum height of 24 meters.
The plot in Strovolos, Nicosia, Cyprus has a separate title deed, is currently vacant, and is subject to VAT. It’s ideally suited for the construction of a six-storey commercial or mixed-use building, offering excellent visibility and strategic positioning. The plot in Strovolos, Nicosia, Cyprus is a strong opportunity for developers or investors looking to acquire a high-profile site in one of the capital’s most dynamic areas.
