Exceptional investment and owner-occupier opportunity in one of the city's most sought-after commercial locations. This prominent corner property enjoys excellent visibility and exposure on Makarios Avenue, benefiting from high traffic volumes and a prestigious business address.
The existing building comprises two levels, featuring a spacious showroom at ground-floor level and office premises on the upper floor, making it ideal for a wide range of commercial uses. The property is well maintained and in good condition, allowing for immediate occupation or rental income generation.
A key advantage is its significant development potential. Situated within a high-density commercial zone with a building density of 180% and a coverage coefficient of 50%, the plot permits development of up to six floors with a maximum building height of 24 metres. This offers the opportunity to substantially expand the existing structure or undertake a comprehensive redevelopment project to maximize returns.
Additional features include rear parking facilities, a highly visible corner position, excellent accessibility, and a clean title deed ensuring a smooth transaction process.
Property Highlights:
Prime corner location on Makarios Avenue
Existing two-storey commercial building
Ground-floor showroom
First-floor office accommodation
High-profile frontage and outstanding visibility
Building density: 180%
Coverage coefficient: 50%
Development potential for up to six floors (24m height)
Rear parking area
Building in good condition
Clean title deed
Ideal for investors, developers, corporate headquarters, showrooms, or mixed commercial use
A rare opportunity to acquire a landmark commercial property with immediate usability and substantial future development potential in a prime business district.
