The property consists of three adjacent contiguous commercial fields on Limassol Avenue with 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 fields can be amalgamated to form a single entity of 8.094 m², with added planning incentives witch further add to the allowable building density. At the moment, on the property there is a building complex, consisting of showrooms, offices and a garage. The buildings are in satisfactory condition and maintenance, however they are considered economically obsolete, after taking into consideration the large development potential.
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- Type: Development Land
- Total Plot Size: 8,094 m2