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Plot for sale

Latsia, Nicosia, Cyprus

£1,175,242 *  [€1,350,000]

Plot for sale

Latsia, Nicosia, Cyprus

£1,175,242 *  [€1,350,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 6894 m2

Full Description


We are pleased to present an industrial plot for sale in Latsia, situated in an exceptionally strategic location with direct and uninterrupted visibility from the Nicosia–Limassol motorway.

The plot is located in Latsia and represents an excellent investment opportunity for companies seeking maximum commercial exposure together with easy access to Nicosia, Limassol, and Larnaca.

The plot is suitable for:

• Light industrial development

• Warehouses

• Showrooms

• Office buildings

• Corporate headquarters and high-visibility commercial premises

It is particularly suitable for companies such as:

• Television stations

• Telecommunications companies

• Import and distribution businesses

• Logistics and distribution centres

Plot Details:

• Plot Size: 5.16 donums (6,894 sqm)

• Road widening affected area: 365 sqm

• Green area allocation: 1,003 sqm

• Net usable area after deductions: 5,526 sqm (4.13 donums)

Planning & Zoning Information:

• Zone ?a3 covering 99% of the plot

• Zone ?a3 covering 1% of the plot (74 sqm)

• Building Density: 100%

• Coverage Ratio: 60%

• Permitted Floors: 2

• Permitted Building Height: Unlimited

• Green Area Requirement: 15%

Development Potential:

The plot allows for approximately 5,140 sqm of development, of which:

• 1,040 sqm (20%) may be used for offices/showrooms

• 4,100 sqm (80%) may be used for industrial or warehouse space

Additional advantages:

• Basement construction is permitted and does not count towards the building density allowance

• The unlimited building height offers significant advantages for warehouse storage capacity through the use of shelving systems or mezzanine levels

Access:

• The property benefits from two separate access points:

The newly constructed bridge in the area provides excellent connectivity and direct access to:

• Nicosia

• Limassol

• Larnaca
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Map may not show exact location

This property listing (ref: 7257) is an advertisement supplied by A.T & P.E Homes (Cyprus) Ltd and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8705 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.