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 CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

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