573 SQM Commercial Plot for sale in Pallouriotissa, Nicosia

Commercial plot in a central location in Agios Antonios parish, in Nicosia Municipality. It is located approximately 120 meters southwest of the intersection of Digeni Akrita and Larnakos Avenue, two of the most commercial arteries of Nicosia.

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 property falls within the Planning Zone EZ - α, having a Building Density Coefficient 200% (by utilizing the incentives the Building Density Coefficient can be increased up to 450%), Coverage Coefficient 60%, Maximum Floor 8 and Maximum Height 31m.

Altamira design team with the collaboration of external Architect, proceeded with a concept design. More specifically, 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.