Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Commercial field - Agios Vasilios, Strovolos

Nicosia - Ref. PR35710Map

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Commercial field - Agios Vasilios, Strovolos

Ref. PR35710

Subject to VAT


Indicative Price

  • 2,074 m2 (whole share)

Large commercial field in a central location of Agios Vasileios Quarter, in Strovolos Municipality. It is located just 30 meters west of Athinon Avenue and about 360 meters south of Strovolos Town Hall.

It is situated in a central and active area, characterized by its commercial and residential activity and offers a variety of amenities and facilities such as schools, supermarkets, bus stops and other facilities.

The field has an area of 2.074 sq.m. and has an irregular shape, a level surface and abuts onto a public road along its northern (Serron Street) and southern (Irakleous Street) boundary with frontage of 20 meters and 10 meters, respectively.

It has a building density of 120% and with the right planning permission, the property could be utilized and developed in a commercial three-storey building of mixed or commercial use.

This property is bordered by government owned land on its southwestern border.

The property is affected by road widening scheme of approximately 27sqm.

It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storages on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storages.


The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Nicosia

Municipality: Strovolos

Quarter: Agios Vasilios


  • Use: Commercial
  • Land area: 2,074 m2 (whole share)
  • Title deed: The property has a separate title deed

Land Registry Information

Reference Reg. Nº Sheet/Plan Block Parcel Nº
PR35710 8/1019 21/61W2 08 1034
  • Planning zone: Εβ5
  • Building Coefficient: 120%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 3
  • Maximum Building Height (m): 13,50

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.


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