Prime Development Plot with Existing House in the Old Core of Strovolos – High Investment Potential

An excellent opportunity to acquire a 651 m² plot located within the Old Core Area of Strovolos, designated under the Εβ Commercial Zone, allowing for a wide range of commercial and residential uses. The property includes an existing ground-floor house with a yard, making it suitable for immediate use, renovation, rental income, or future redevelopment.

Positioned in a well-established area with commercial activity and central functions, this asset offers strong long-term value for investors, developers, or businesses seeking a strategic location.

Key Property Details

• Plot Size: 651 m²
• Planning Zone: Εβ – Commercial and Central Functions Zone
• Development Potential: Residential coefficients of the adjacent residential zone apply
• Location: Old Core Area of Strovolos
• Suitable for: Development, commercial use, mixed-use project, or renovation

Existing House on the Plot

• Year Built: 1962
• Condition: Good
• Structure: Reinforced concrete
• Floors: 1 (Ground floor)
• Bedrooms: 2
• Internal Covered Area: 156 m²
• Covered Verandas: 31 m²
• External Buildings / Auxiliary Spaces: 36 m²
• Yard: Yes
• Renovation: None
• Issues: None reported

Investment Highlights

• Located in a commercial zone (Εβ 100%) with flexible development options
• Large plot within an established urban area
• Existing structure suitable for renovation or income generation
• Ideal for:
  • Boutique offices
  • Mixed-use development
  • Retail or service business
  • Residential redevelopment
  • Long-term investment holding