This exceptional large-scale parcel which comprises of 5 mixed use abutting parcels (3 plots and 2 fields), in Apostolos Varnavas & Agios Makarios quarter, in Strovolos Municipality of Nicosia District. It is located on Athalassas Avenue, one of the city's most prominent thoroughfares, the property lies just 150 meters west of the Kalispera traffic lights, ensuring high exposure and seamless connectivity to the heart of the capital.

This unique large-scale parcel of land is strategically positioned at the main entrance of Nicosia, offering unparalleled visibility and accessibility. The property is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, the property has excellent access to the motorway and the center of the municipality.

As a single unit, It has a regular shape and a relatively even surface. The has a corner position, it will be part of cul-de-sac with a pedestrian walkway and abuts 3 public registered roads (Athalassa Avenue, Vasili Michaelidi and Onisilou streets) with a total frontage of approximately 235 meters.

The property presents an outstanding opportunity for both commercial and residential development.  It has a base buildable area of 6,800 sqm, and the potential to expand up to 8,500 sqm through available incentives, the site offers remarkable flexibility for a variety of high-value projects.

Whether envisioned as a modern mixed-use complex, a landmark commercial hub, or an upscale residential development, this property’s strategic location, generous dimensions, and substantial development potential make it one of the most attractive investment opportunities in Nicosia’s thriving real estate market.

The properties fall within the Commercial Zone Eβ3 (Activity axis I), having a building density of 160% and within the Residential Zone Κα4, having a building density of 120%.

The properties are sold as a single unit with total area  of 6.048 sqm.

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

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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: Apostolos Varnavas