Prime Commercial Development Opportunity in Chryseleousa Strovolos Nicosia

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This property presents a high value redevelopment opportunity in the heart of Strovolos Municipality Chryseleousa Quarter Nicosia. While the site currently contains an older detached house the highest and best use of the land lies in its exceptional commercial zoning and strategic location. Key Site Details Land Area 336 sq.m. Existing Structure A ground floor obsolete house of 97 sq.m. Development Ready Advantage A demolition permit has already been issued valid from 16 10 2025 until 16 10 2028. The existing structure is a ground floor building therefore demolition costs are projected to be low allowing for a swift and cost effective transition to the construction phase. Zoning Potential Zone 4 The property falls within the 4 Commercial Zone offering high density and vertical development flexibility Building Coefficient 140 Coverage 50 Floors 4 Floors potential for 5 floors via Planning Incentives Height 17m Ideal Project A modern mixed use development consisting of ground floor shops and 4 whole floor premium apartments. Strategic Location Situated in a high demand administrative hub Approximately 60m from Strovolos Town Hall. Approximately 112m Tax Department. Approximately 800m of major schools Pefkios Georgiadis and Agiou Vasiliou . Immediate access to the commercial center of Nicosia. Within walking distance to amenities and services. There is a separate title deed for this property. Energy Category D