Residential Land for Sale in Nicosia

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€1,430,000 EUR

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Ref 2180395 | Nicosia, Nicosia | Plot Of Land

Currency services provided by PureFX 1,430,000 EUR  |  Approx.£1,231,373 GBP  |  Approx. US$1,530,386 USD
Agioi Omologites, Nicosia, Nicosia
  • Type: Residential Land
  • Location: Nicosia
  • Province: Nicosia
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

This commercially zoned plot of 532 sqm is located in the Ayioi Omologites area in Nicosia. It is located approximately 300m from the Ministry of Interior close to the center of Nicosia. The plot has a rectangular shape with a flat even surface. At its north border it benefits from a road frontage of circa 45m The property is covered by utility services i.e. water, electricity and telecommunication. The immediate area consists of multi-storey developments comprising shops, cafes and offices on the ground floors and flats on the remaining floors. Landmark buildings in the immediate area include, among others, the Cyprus Cultural Centre, the Ministry of Economics and a Honda showroom. The asset falls within the Commercial Planning Zone Eα3 with a building density coefficient of 200% and a coverage coefficient of 40%, over 10 floors and 38m maximum height. It is also noted that the local plan provides incentives for increased allowable building density for the subject property.

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