4335m² Land in Strovolos, Cyprus No. 84641

Property description

This commercial plot is located on Limassol Avenue, Strovolos Municipality and has tremendous commercial development potential. Limassol Avenue has been established as one of the most commercial Avenues of Nicosia, with tremendous traffic flow during all hours of the day. 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 Land size is 5.764 square meters. The property enjoys a corner position, it abuts on its eastern boundary along Limassol Avenue with total frontage of 130 meters, on its northern boundary along Chrysanthou Mylonas Street with total frontage of 45 meters and on its western boundary along Charalambou Michael Street with total frontage of 120 meters. 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.