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522m² Commercial for Sale in Nicosia District

  • Pre-Owned
  • 522m²
  • €2 500 000
Price per m²
€4789/m²
Title Transfer Fee
~€96,600
INDEX AI found 1 similar listings.
  • Ref. #: 50793
  • Plot area: 1201m²

Mixed Use Property for Sale in the prime area of Agios Antonios, in Nicosia. The property comprises two adjacent plots, one residential and one commercial, totaling 1,201 square meters, located in the Agios Antonios quarter of Nicosia. Situated on a main street of Nicosia, these plots offer a strategic position near Nicosia’s commercial and administrative center.
One plot features a vacant two-story building previously used as a restaurant, while the other remains undeveloped. The plots fall within the Category I Activity Axis, permitting residential, office, commercial, or mixed-use developments. Unifying the plots may provide incentives for increased building density, with allowances up to 200%, coverage ratios of 50%, and building heights up to 38 meters across ten floors.
This area is undergoing significant redevelopment, emerging as a new business hub with projects like the Nicosia City Center and the refurbishment of the Landmark Hotel. The location offers convenient access to major highways connecting Nicosia to Limassol and Larnaca, and is surrounded by diverse amenities, including key commercial avenues and the Central Bank of Cyprus. The elevated site provides unobstructed views of Makarios Avenue and Nicosia’s historic center, blending modern convenience with historic charm.
This property represents an exceptional investment opportunity in a vibrant and evolving area of Nicosia.
Mixed Use Property for Sale in the prime area of Agios Antonios, in Nicosia. The property comprises two adjacent plots, one residential and one commercial, totaling 1,201 square meters, located in the Agios Antonios quarter of Nicosia. Situated on a main street of Nicosia, these plots offer a strategic position near Nicosia’s commercial and administrative center.
One plot features a vacant two-story building previously used as a restaurant, while the other remains undeveloped. The plots fall within the Category I Activity Axis, permitting residential, office, commercial, or mixed-use developments. Unifying the plots may provide incentives for increased building density, with allowances up to 200%, coverage ratios of 50%, and building heights up to 38 meters across ten floors.
This area is undergoing significant redevelopment, emerging as a new business hub with projects like the Nicosia City Center and the refurbishment of the Landmark Hotel. The location offers convenient access to major highways connecting Nicosia to Limassol and Larnaca, and is surrounded by diverse amenities, including key commercial avenues and the Central Bank of Cyprus. The elevated site provides unobstructed views of Makarios Avenue and Nicosia’s historic center, blending modern convenience with historic charm.
This property represents an exceptional investment opportunity in a vibrant and evolving area of Nicosia.

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  • €2 500 000
Price per m²
€4789/m²
Title Transfer Fee
~€96,600
INDEX AI found 1 similar listings.
  • Agency
  • R.N.:1104 L.N.:569/E
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Other Listings of This Property

0
  • €2 500 000
  •   €2082/m2
  • VL45990
The property consists of two adjacent plots one residential and one commercial in Agios Antonios. It is located in a privileged location on the Makarios III Avenue of Nicosia near the capital s commercial and administrative center. The plots have a total area of 1 201sqm. Within the plot with reg.no. 1 3076 there is a two storey building used as a restaurant currently vacant. The plot with reg.no. 1 3077 is also vacant. Plot with reg.no. 1 3076 adjoins Archbishop Makarios III Avenue and in terms of urban planning it falls within the Category I Activity Axis axis of primary importance which allows residential and or office and or commercial development and or a combination. Based on the Nicosia local plan the unification of the two plots provides incentives to increase the building coefficient. The property is ideally located in a vibrant area undergoing extensive and significant redevelopment to…
  • Agency
INDEX AI found 1 similar listings.

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