Investment opportunity by Altamira Real Estate: Huge plot for sale in Strovolos Municipality

In an era where demand for commercial and residential properties is rapidly increasing, Altamira Real Estate presents an excellent investment opportunity, selling a unique and large residential/commercial parcel of land on Athalassas Avenue, in Strovolos Municipality.

The property combines an advantageous location, multiple development opportunities and promising prospects for significant returns, making it a rare investment opportunity.

The property, with a total area of 6.048sqm, comprises five consecutive mixed-use parcels – three plots and two fields. It is uniquely located just 150 metres west of the “Kalimera” junction at the very entrance of Nicosia, ensuring a high market value, wide open views, and excellent connections to the heart of the capital. Moreover, it faces three different public roads, and has a total frontage of 235 metres, offering unobstructed access from Athalassas Avenue, Vasilis Michaelides Street as well as Onisilos Street.

It should be noted that its location is ideal for a range of developments such as offices, shops and apartments, while it enjoys direct access to important services and amenities, as well as to the motorway, facilitating quick and easy transfers. The area has shown a long-standing high demand for commercial and residential space, making this parcel one of the most formidable options for development in Nicosia.

The property falls within two urban planning zones - the commercial zone Eβ3 and the residential zone Ka4. Its total coverage ratio is 6,800sqm, while it has the capacity to reach 8,500sqm through specific incentives, allowing for a wide range of developments. From modern shops and luxury offices to clinics, universities or residential complexes, the options are multiple and can change based on the needs of the market.

The fact that there are very few similar parcels in Nicosia, further enhances the uniqueness of this investment opportunity. Its large area and ideal shape offer flexibility in architectural design, while its potential yield of over 8% make it an excellent choice for both private investors and developers.

Bidding opens on Tuesday, 8 April, at 10am.

Interested buyers can discover the company’s offers on its website www.altamirarealestate.com.cy, and submit bids lower than the indicative prices.