- Updated On:
- November 22, 2020
- 127 Parking Spaces Garages
- 4,169.00 m2
G. KALLENOS DEVELOPERS LTD is proud to present its new commercial investment opportunity located at the entry of Nicosia by the GSP roundabout. Our proposed Business Center site is located on the corner of Yiannou Kranidioti avenue in Latsia and the road that leads to the big roundabout of the GSP stadium. It is only 300 meters from the Latsia Municipality Headquarters and 1800 meters from the new Mall of Cyprus and the new Nicosia General Hospital.
The project, once completed will be worth €19.800.000 as per an independent Valuation carried out. The project has secured a planning permit and is effectively ready to commence construction. Although Planning permit covers G+M+6 Floors and 3 Basement Floors, this can be altered to G+M+5 with reduced Basement space to reduce construction costs.
Its excellent geographic position offers fast and easy access from and to our commercial project. It is therefore ideal for organizations that have businesses not only in Nicosia but in all the other cities in Cyprus. Ideally located, it takes less than 25 minutes to go from our new commercial project to the Larnaca airport. It is 1 minute away from the Open University of Cyprus and 1 minute away from LIDL supermarket.
The proposed project is a seven-floor commercial building with 4169m2 of Gross Floor Area, with additional 3 underground levels of 4317m2 with 127 parking places and plenty of storage areas. On the ground floor, there is a big shopping display area and a cafeteria with a very impressive roof garden.
The design was the result of an architectural competition which was won by Heracles Papachristou Architects. Currently on Offer is the Land with the secured Permits.