Shared residential field in Strovolos, Nicosia – id R5470

The property is a residential field, part of a large mixed-use land in Strovolos. The residential field has an area of 12,820sqm and constitutes 5.8% of the whole asset. It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters. It is situated just a few meters away from the Electricity Authority Headquarters and 150m from Hellenic Bankand#39;s Headquarters.

The asset has a frontage of 390m on three public roads/avenues. The asset provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away offering access to all amenities and services. The asset has recently acquired a division planning permit for 15 plots.

The wider area of the asset is commercial and residential neighbouring some of the most well-known institutional headquarters.

There is a distribution agreement in place between the co-owners. A permit for land division/ road construction has been issued for the property.

The property is owned by Sailoma Properties Ltd , an SPV, wholly owned by Gordian Holdings Ltd.

• Planning Zone: Residential
• Density: 100%
• Coverage: 50%