468 SQM Plot for sale in Nicosia Municipality, Nicosia

This commercially zoned plot of 468sqm is located in the Ayioi Omologites area in Nicosia. It is located approximately 300m from the Ministry of Interior, 50m from the junction of Griva Digeni Avenue and Dimostheni Severi Avenue and 30m from the local Honda showroom. The plot has a rectangular shape with a flat even surface. At its north border it benefits from a road frontage of circa 45m (22m along Griva Digeni Avenue and 23m along Iasonos Street). The property is covered by utility services i.e. water, electricity and telecommunication. The immediate area consists of multi-storey developments comprising shops, cafes and offices on the ground floors and flats on the remaining floors. Landmark buildings in the immediate area include, among others, the Cyprus Cultural Centre, the Ministry of Economics and a Honda showroom. The asset falls within planning zone ΠΕΖ with a building density coefficient of 250% and a coverage coefficient of 70% up to the fourth floor and 60% for the floors above. It is also noted that the local plan provides incentives for increased allowable building density for the subject property. The asset is currently leased.  THE PRICE IS SUBJECT TO VAT. Reg. No. : 2/1912 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.