FOR SALE - €2,000,000 - REF. NO. L102419
Large scale commercial corner plot, in STELMEK area, in Lakatamia Municipality in Nicosia District. It is situated in the wider area of Makedonitissa, at a distance of 700m (approx.) southwest of the church of Agios Panteleimonas and 570m (approx.) west of the main road leading to the newly build ‘‘Nicosia Mall’’.
It has a regular shape with level topography and abuts onto public registered roads with frontage of approximately 175m. It abuts onto the junction of Empedokleous & Isokratous streets, on its southern & western boundary. It is important to mention that the plot abuts onto pedestrian road along its eastern boundary.
The property has the potential for large scale mixed-use development which will convenience the needs of the residents of the surrounding area. It lies withing the Commercial Zone Eβ with Building Coefficient 90% and Coverage Coefficient 45%.
The surrounding area is mostly characterized by residential development, with many plot divisions and house developments. The STELMEK area is considered as one of the most promising residential areas of Nicosia.