Commercial development or residential renovation opportunity in Strovolos, Nicosia. This property has great potential for a high-rise commercial building, given its location in the commercial planning zone Eβ4. With a building density of 140% and a coverage factor of 50%, it allows for 4 floors and a height allowance of 17m. Currently, there is a two-floor house on the plot. The ground floor features a living and dining area, a kitchen, and a bathroom. The first floor offers 4 bedrooms, one of which has an en-suite bathroom, and a family bathroom. Additionally, there is a spacious yard, verandas, and two covered parking areas.

Situated on Andrea Avraamide street, the property is only 50m away from Athalassas Avenue and approximately 500m from kalispera traffic lights. It is conveniently surrounded by various amenities and services, including schools, hospitals, pharmacies, banks, bakeries, supermarkets, and more.