573 SQM Commercial Land for sale in Nicosia Municipality, Nicosia

Reference ID: details: €700,000 +VATCommercial plot in a central location in Agios Antonios parish, in Nicosia Municipality.The plot has a triangle shape, even surface and 49 meters frontage on its northern boundary.The property has the potential to gain extra building density coefficient via planning incentives.The plot could be utilized and be developed with a multi-storey building of mixed or commercial use.The plot can host a 7-storey residential building with 2 levels basement and a total of 12 flats where 8 are two-bedroom flats and 4 one-bedroom flats. The enclosed areas are 866 sqm and 290sqm of covered verandas, without taking into account the basements, staircases and parking spaces. The two basements and the ground floor share in total 18 parking spaces where 2 of those are for the disabled people. It is noted that the 2 basements are served via a car-elevator.Planning zone: ΕΖ-αBuilding Coefficient: 200% (by utilizing the incentives the Building Density Coefficient  can be increased up to 450%)Coverage Coefficient: 60%Maximum Floors Allowed: 8Maximum Building Height (m): 31PLUS V.A.T