The Property Is A Residential Field, Part Of A Large Mixed-use Land In Strovolos. The Residential Field Has An Area Of 12,820sqm And Constitutes 5.8% Of The Whole Asset. It Is Located At A Prime Locat

Description

The property is a residential field, part of a large mixed-use land in Strovolos. The residential field has an area of 12,820sqm and constitutes 5.8% of the whole asset. 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.

The asset has a frontage of 390m on three public roads/avenues. The asset 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. The asset has recently acquired a division planning permit for 15 plots.

The wider area of the asset is commercial and residential neighbouring some of the most well-known institutional headquarters.

There is a distribution agreement in place between the co-owners. A permit for land division/ road construction has been issued for the property.

The property is owned by Sailoma Properties Ltd , an SPV, wholly owned by Gordian Holdings Ltd.

Reference number: 5470
Density: 100
Coverage: 50
Land type: Plot
Plot area: 231920 m2
Plot Type: Residential
Parcel number: 2320
Planning zone: residential
Square meter price: €27 /m2: