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Commercial Plot - Lykavitos, Nicosia

Nicosia - Ref. PR14064


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Use: Commercial

Land Area: 748 m2 (whole share)

Property description & location

Commercial plot in Lykavitos, a central and popular location of Nicosia in Agios Antonios Quarter, at a distance of 340 meters (approx.) south of Digeni Akrita avenue and 360 meters south of Agios Antonios market. The property is ideally situated close to an abundance of amenities and services such as schools, shops, restaurants, bakeries, cafes etc. In addition, the property has excellent access to the motorway and the city centre. It is noted that the University of Cyprus is also a short drive away.

The plot has a rectangular shape and a smooth surface. It abuts onto Kallipoleos avenue along its northeastern boundary with a frontage of 23 meters (approx.). It is subject to a road widening scheme along its northeastern boundary. Within the plot there is a ground floor building which does not bear any economic value.

Given the lack of vacant plots in the area, the property is an appealing investment opportunity. It is considered as an excellent choice for a land developer or an individual.

The above price might be subject to VAT.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. Indicative price may be reviewed without any prior notice.

The closing time for the Submission Period of tenders is midday 13:00 on every Tuesday, as stated in paragraph 7.10 of the Tender Form and section 4 of the Legal Notice.

District: Nicosia

Municipality: Nicosia Municipality

Quarter: Agios Antonios

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
1/487 21/550101 1 362
  • Planing zone: Εβ3
  • Building Coeficient: 1,6;1,6 %
  • Coverage coeficient: 0,5;0,5 %
  • Maximun Floors Allowed: 5;6
  • Maximun building height: 17,4;20,4 m

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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