790 SQM Commercial Plot for sale in Nicosia Municipality, Nicosia

A plot of 790 sqm is available for sale in the heart of Nicosia in the Trypiotis quarter. It is located 60m west from Themistrokli Dervi Avenue, 200m northeast of the Ministry of Finance and 130m north of Evagorou Avenue. The subject property has a rectangular shape and a flat even surface. At its north border it benefits from a road frontage of circa 35m along Andrea Demetriou street and is currently used as parking space. The immediate area consists of multi-storey developments, which are mainly shops, cafes, including some of the best known restaurants in Nicosia, and offices at the ground floors and flats on the remaining floors. In the wider area there are many landmark buildings housing public organisations including the Ministry of Labour and Social Insurance, Cyprus Neuroscience Technology Institute and the THOC premises. The plot benefits from falling in planning zone ΠΕΖ allowing 250% building density and coverage of 70% up to the 4th floor and 60% for the floors above.  Owner : Frontyard Properties Ltd  Reg. No. : 25/1884 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.