Description

Location • Excellent location, within walking distance from Kalispera traffic lights. • The property is located near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Property Characteristics • As a unified plot, it has huge potential to be developed to a high-rise commercial/residential building, subject to acquiring the relevant permits • It falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance. • The property concerns two adjoining plots of land extending to about 1,125sqm in total and with a house constructed within each. • The properties are rectangularly shaped with a flat surface and a wide road frontage via two registered roads. • Asset (A) contains a two-storey house. • Asset (B) contains a two-storey building that consists of a ground floor house and an additional house on the first floor which is incomplete. • The property is situated near Athalassas Avenue and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others. Advantages - Special Features • Large plot in an excellent location, surrounded with all amenities, with easy access to Nicosia city centre, minutes away from the Nicosia - Limassol highway.