€2,750,000 $2,859,945
Fox Smart Estate Agency Nicosia
You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.
Pay in USD and save up to $100,098Key features
- Listing ID: 1598215 (38976)
- Plot: 1417 sqm
Description
• Location: Prime mixed-use land for sale in Nicosia, ideally situated opposite Nicosia Municipal National Park and the Venetian walls, near the National Theater and New Cyprus Museum.
• Land Size: 1,417 sq.m. with immense development potential in a central and vibrant area.
• Development Potential: Suitable for residential, commercial, and cultural projects, including:
o Hotels
o Office buildings (ideal for business headquarters or law firms)
o Medical centers
o University
o Student accommodation
o Shopping centers
o High end residences
• Building Specifications:
o Building Density: 200%
o Coverage Allowance: 60%
o Floor Allowance: 8
o Building Zone: EΖ-δ
• Incentives for Large Plots:
o Plots over 1,000 sq.m on roads with at least 14 meters width may qualify for an increased floor area ratio up to 4.50:1, allowing up to 10 floors.
o Conditions include:
Increased coverage rate of 60% observed in the first 4 floors
Must ensure comfort for neighboring property users
• Additional Feature: Includes an existing building.
Disclaimer - Property reference 1598215. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.