2,342 SQM Commercial Land for sale in Nicosia Municipality, Nicosia

This asset is a field in Panagia, Nicosia. The asset is adjacent to Ammochostou Avenue, 790m south of SOPAZ roundabout, 1km northeast of Larnacos Avenue and 1,1km north of Aglantzia Town Hall. The asset has an area of 2,342sqm and benefits from a road frontage of c. 48m along Ammochostou Avenue on its west border. The parcel will be affected by the road development of Ammochostou Avenue. The immediate area of the asset comprises of residential and commercial developments. The property falls into two planning zones with the following characteristics: -c. 1,405sqm fall within commercial planning zone Eβ5 with 120% building density, 50% coverage, 3 floors and a maximum height of 13,5m. - c. 937sqm fall within residential planning zone into Κα6 with 90% building density, 50% coverage, 2 floors and a maximum height of 10m. THE PRICE IS SUBJECT TO VAT. Reg. No.: 5/587 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.