Commercial/Residential development opportunity in Strovolos, NIcosia

Commercial development or residential renovation opportunity in Strovolos, Nicosia. As a commercial plot, it has huge potential to be developed to a high rise commercial building, subject to acquiring the relevant permits, since it falls within the commercial planning zone Eβ4 with 140% building density and 50% coverage factor, 4 floors and 17m. height allowance.
Within the plot there is currently a house which consists of two floors. The ground floor consists of a living and dining area, a kitchen and a bathroom. The first floor consists of 4 bedrooms, one of which has en-suite bathroom and a family bathroom. Externally, there is a spacious yard, verandas and two covered parking areas.
The property is is located in Andrea Avraamide street, 50m from Athalassas Avenue and approximately 500m to kalispera traffic lights, and is surrounded by all amenities and services, such as schools, hospitals, pharmacies, banks, bakeries, supermarkets and many others.
Please refer to listing 30506 for the adjoining plot information https://marketplace.altia.com.cy/listings/295
or 45212 for both plots https://marketplace.altia.com.cy/listings/1907