Commercial field in Latsia, Nicosia

Description

Occupying a prime location in the heart of Latsia's commercial area, this commercial field of 1,600sqm abuts Giannou Kranidioti Avenue with a road frontage of 60m and Arch. Makariou III Avenue with a road frontage of 50m — a rare dual-frontage position. The surrounding area includes retail stores, supermarkets, restaurants, fast-food chains, pharmacies, bakeries and many more, while the property is only a 5-minute drive from Nicosia's General Hospital, the Mall of Cyprus and IKEA, with easy access to the highway. Falling within a commercial zone with a building density of 140%, a coverage ratio of 50%, permission for up to 4 floors and a maximum height of 17m, the field is ideal for commercial developments such as shops, offices and clinic centers, subject to obtaining all relevant permits. Vacant and held in whole share, it is offered for sale at €1,600,000 plus VAT.