Plot of 632m2 for Sale in Nicosia Center

Details

Commercial plot in a unique location, in Tripiotis Quarter, in Nicosia District. It is adjacent to Kypranoros Street, approximately 180 meters northeast of the intersection of Archbishop Makarios III, Digeni Akrita and Spyros Kyprianou Avenues (traffic lights of Lycabettus Police Station). The area is characterized by its plethora of services and facilities.

It has a rectangular shape, an even surface and a road frontage of approximately 25 meters. Given the lack of vacant plots in the area, it is an attractive investment opportunity.

With the right building design, the plot could be utilized and developed with a multi-storey building of mixed, commercial or residential use.

It is noted that the plot falls within the commercial zone EZ-κ which allows the construction of a six-storey building. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.