Prime landmark redevelopment opportunity on makarios avenue
A prominent commercial property positioned on Makarios Avenue, the most prestigious retail and business boulevard in the heart of Nicosia. This landmark asset benefits from exceptional visibility and sits within a fully upgraded urban environment surrounded by high-end retail stores, cafés, restaurants, corporate offices, and continuous pedestrian activity.
The building comprises five levels with a total built area of 4,670 m² on a 2,447 m² plot. It is currently configured into 74 retail units with flexible layouts ranging from small boutiques to larger commercial spaces. The property also includes an underground parking facility with 74 spaces, offering rare convenience for a central city location.
Significant redevelopment potential is available under local planning incentives, allowing building density up to 425% and enabling the development of up to 12 floors and approximately 10,400 m² of new construction. This creates a unique opportunity for a mixed-use transformation including retail, offices, residential, or hospitality use in one of the city’s most sought-after addresses.
For more details or to arrange a viewing, contact Kazo Real Estate – your trusted local property experts.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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