Whole Building for Sale in Agios Dometios, Nicosia – Excellent Investment Opportunity with Approved Architectural Plans and Building Permit
An exceptional opportunity to acquire an entire building for sale in Agios Dometios, Nicosia, offering significant potential for residential development, commercial activities and office use. Situated in a central and highly accessible location within the capital, this property represents an attractive investment opportunity for developers, investors and companies seeking a substantial asset with flexible development possibilities.
The existing building comprises a ground-floor commercial shop measuring 170 sqm, a mezzanine level of 85 sqm and a spacious basement of 400 sqm. These areas provide considerable flexibility for commercial and operational requirements, making the property suitable for various potential uses, subject to the applicable planning and building regulations.
One of the property's most significant advantages is that the new purchaser has the opportunity to construct Floors 1 to 5 in accordance with the existing architectural plans and approved building permit. This provides an attractive opportunity to develop a five-storey residential building above the existing commercial areas, creating substantial potential for future residential or mixed-use development.
According to the approved architectural plans, each of Floors 1 to 4 is designed to provide 177 sqm of internal living space together with 35 sqm of covered verandas. The fifth and top floor is planned to offer 134 sqm of internal space and 30 sqm of covered verandas, providing flexibility for the development of residential apartments with comfortable interior accommodation and generous outdoor areas.
In total, the proposed five floors provide 842 sqm of planned internal space and 170 sqm of covered verandas, representing a substantial residential development opportunity. These figures relate specifically to the proposed upper floors under the architectural plans and should be distinguished from the existing commercial, mezzanine and basement areas.
Another important advantage is the availability of approved plans for residential apartments, allowing the future owner to proceed with a residential development project in line with the existing building permit. Furthermore, the property's planning zone also permits office use, offering additional flexibility for investors interested in developing a mixed-use property combining residential, commercial and professional spaces, subject to the relevant approvals and requirements.
Located in Agios Dometios, Nicosia, the property benefits from convenient access to supermarkets, shops, cafés, restaurants, banks, schools and other essential services. Its strategic location also provides easy connections to Nicosia city centre, surrounding commercial districts and the main road network, enhancing its appeal to businesses, residents and potential tenants.
Whether you are considering a residential apartment development, corporate premises, commercial investment or a combination of residential and professional uses, this property offers a valuable opportunity within the Nicosia real estate market. The availability of approved architectural plans and a building permit for the construction of Floors 1 to 5 represents a particularly attractive advantage for developers seeking a property with clearly defined development potential.
To discover more investment opportunities and buildings for sale in Nicosia, browse our complete portfolio of properties through our website: https://gplazarou.com/property-search/?type=for-sale&district=nicosia
Contact G&P Lazarou Estate Agents today at +357 22024949 or email sales@gplazarou.com for further information, details of the approved architectural plans or to arrange your private viewing!
