6,086 SQM Commercial Land for sale in Nicosia Municipality, Nicosia

This 6.086 sqm field is located in the Kaimakli area of Nicosia. It is approximately 375m southeast from Kantaras Avenue and Agiou Ilariona Avenue and 400m northeast from the Omorfitas Police Station. The parcel falls into special planning zone EΠ6 and benefits from 60m road frontage along Markou Botsari Street. A planning permit is held for the development of a 6- storey unified hall of residences/accommodation development accommodating 73 flats for university students, gym, 8 shops and underground parking area. Further details are available upon request. The asset is currently occupied with a two month termination notice. The property has the potential to be covered by all the utility services (water, electricity and telecommunication). The immediate area is characterised as an industrial area which comprises mainly warehouses and industrial units. The plot is zoned EΠ6 (special) with 160% building density, 50% coverage and 2 floors. THE PRICE IS SUBJECT TO VAT. Reg. No. : 6/53 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.