The property is a shared (5.79%) of field/estate, part of a large mixed-use land in Strovolos. The field has a total land area of 231,920sqm and Gordian's share corresponds approximately to 13,416,97 sqm.
It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters. It is situated just a few meters away from the Electricity Authority Headquarters and 150m from Hellenic Bank's Headquarters.
It has frontage of about 390m on three public roads/avenues. Provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away, offering access to all amenities and services.
There is a building permit (subdivision/road construction permit) for the division of the estate into 15 plots. Upon the completion of the division, Gordian will own plot no. 1 with a land area of approximately 12,820 sqm. The property can benefit from the special incentives for developments allowed by Nicosia local plan.
There is a distribution agreement in place between the co-owners. This is a unique opportunity for both residential and mixed-use development.
| Zone | Cover factor | Build factor | Max floors | Max height | Affected % |
|---|---|---|---|---|---|
| 50% | 100% | - | - | - |
The information provided for this property is based on details supplied by the owner or developer and is subject to verification. Prices, availability, dimensions, and specifications may change without prior notice. Investia Real Estate Agents shall not be held liable for any inaccuracies or omissions. Prospective buyers are advised to conduct their own due diligence prior to any transaction.
