19,811 SQM Land for sale in Egkomi, Nicosia

This sizeable plot of land lies within a residential area and a zone of “Special uses” in Engomi. The property equals a land area of 19,811sqm and is a 6% share of a 331,450 sqm parcel, which is adjacent to one of the largest supermarkets in Nicosia (AlphaMega) and the Metochi Kykkou. It has a frontage on a registered road that connects to Griva Digeni avenue. The plot is flat and has a regular shape. It falls within the Planning Zones ΕΠ3 and Κα6 with maximum building density coefficients of 140%/90% and a coverage coefficient of 30% over 8/2 floors respectively. The asset has a uniqueness, as there is scarcity of similar size plots of land in the immediate area, and the dual planning zone allows for residential and commercial purposes. The immediate area of the asset is well developed and compromises of luxury villas, house complexes and residential plots. The asset has good accessibility towards Nicosia city centre through Griva Digeni avenue. The wider Engomi area has experienced increased development activities over the past few years, resulting in an increased demand for retail units and supermarkets. The Engomi area is also surrounded by a large diplomatic presence including the embassies of the USA, Russia, Egypt and France and as a result it may be considered one of the safest suburbs of Nicosia. Owner: Ofraco Properties Ltd Reg. No. : 0/8633 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.