Commercial/Residential Development in Strovolos area, Nicosia. The property is in an excellent location on a cental avenue in Nicosia. It is close to a plethora of amenities and services such as schools, shops, supermarkets, restaurants banks etc. In addition, the property enjoys very good access to the motorway and the Nicosia city center.

The property concerns two adjoining plots of land extending to about 1,125 sq.m. in total and with a house constructed within each. As a unified plot, it has huge potential to be developed to a high rise commercial/residential building, subject to acquiring the relevant permits, since it falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance. The properties have rectangular shape with a flat surface and a wide road frontage via two registered roads with total frontage of approximately 68m.

Within the first plot there is a double storey house that was built in 1990 and has internal covered area of 195 sq.m. It consists of on the ground floor of a living and dining area, a kitchen and a bathroom and on the first floor consists of 4 bedrooms, one of which has en-suite bathroom and a family bathroom. Externally, there is a spacious yard, 43 sq. of covered verandas and two covered parking areas.

Within the second plot there is a house that built in 1985, with internal covered area of 190 sqm.m. It consists of two floors and is divided to a ground floor apartment and an incomplete apartment on the first floor. There are also covered verandas of approximately 43 sq.m.

Extra: Covered verandas, Covered Parking