Investment Opportunity in Lakatameia, Nicosia

Property description

The property comprises two adjacent commercial fields, offered as a single unit, with a total land area of 827sq.m. It is ideally situated within Lakatameia Municipality, Agios Nikolaos parish in Nicosia District.

It is located approximately 620 meters southwest of the Agia Paraskevi Lakatamia's Elementary school, situated next to ‘Marks and Spencer’ store. It abuts on its eastern boundary with high-traffic Archiepiskopou Makariou III Avenue

Strategically positioned in the heart of Lakatameia's commercial corridor, surrounded by established businesses and residential clusters, ensuring high footfall and long-term value appreciation.

The field has a regular shape with an even surface offering optimized building efficiency and immediate development readiness. The field has frontage on register road 18 meters.

The property falls within Commercial Zone Eβ4, allowing for a building density of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.

A past planning permit for one (1) shop and ten (10) apartments (valid 2009–2013) highlights the site’s commercial viability. This established project history provides a streamlined foundation for a prospective buyer to renew and finalize the development.

There is a separate title deed for this property.

Extra information

Plot

Slope Flat
Registration number 1/214
Sheet/Plan 1/30

Planning characteristics

Zone	Cover factor	Build factor	Max floors	Max height	Affected %
Εβ4	50%	140%	4	17 m	100%

Documents

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Disclaimer: The property is owned by Themis Portfolio (S1) Management Holdings Ltd. The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area. Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

Disclaimer: The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).