Development opportunity in Industrial/Commercial land, Latsia, Nicosia

An excellent development opportunity in a well proportioned industrial plot, extending to about 6.762 sq.m.

The asset is situated on a high traffic Avenue, Lemesou Avenue Latsia, is surrounded mainly by large commercial and industrial units and offers a wide frontage of about 86m.
Additionally, it is situated within close proximity to the Mall of Cyprus, the Nicosia general hospital and the motorway.

The property was subjected to a compulsory purchase order for road network of approximately 2.457 sq.m., for public green area of approximately 1.419 sq.m., resulting in a total net area of approximately 6,762 sq.m.

The property falls within Zone Βα3/Βε1, with a building coefficient of 100%, coverage of 50%, and permission for 2 floors of construction.
This zone, and subject to acquiring the necessary permits, allows the development, amongst others, of:
Warehouses
Distribution centers
Office spaces
Product exhibition areas including large products such as cars, electrical appliances or mechanical equipment
Stores for home, garden and DIY