Retail premises for sale in Agia Fyla, Limassol, Cyprus

This is a rare opportunity to acquire a prime development site at one of the main entrances to Limassol with beneficial planning incentives and visibility from the motorway.

The property comprises five parcels of land with a total surface area of 5.375 sqm adjacent to the Agia Fyla Roundabout of the Limassol-Nicosia Motorway leading into Agia Fylaxeos Avenue, one of the main arteries into the city of Limassol.

The site includes a vacant building with a total area of 2.126 sqm (basement, ground floor and mezzanine), that formerly operated as a supermarket.

The property is an advantageous planning zone further details of which can be provided upon enquiry. By utilising the maximum building coefficient, the total buildable area can reach approximately 7.000 sqm.

The asset has excellent accessibility towards the motorway and the city centre from the main avenue (Agia Fylaxeos).

Agia Fylaxeos Avenue has been experiencing significant development and investment the past few years, considerably increasing demand for small retail units and food outlets.

The high visibility from the motorway is considered to be attractive to potential retailers.

The property is in a mixed planning zone: Κα5, Εβ5 and Ε.Χ.Π. With 140% building density (commercial, residential), 50% coverage, 3-4 floors and a maximum height of 13,5m.