Nicosia Centre
Residential Land
1075 m² Plot

FOR SALE - €5,260,000 - REF. NO. L34505

This rare plot of 1.075 sqm is very centrally located in Nicosia. The asset has a corner position with a regular rectangular shape and a flat even surface. It falls within special commercial planning zone ΠEZ. The plot has road frontage of circa 57m to its west and south borders along roads. The plot is privileged with an additional building coefficient of 448 sqm as per the title deed. The asset has an active planning permit for a 16-storey building (permit no. 5973/ - ΠΑ89/09 – expiry date:16/03/2020). The active planning permit includes 4 basement floors for parking, 3 ground floor shops with mezzanine, offices at 3rd up to 12th floor and three penthouses at the 14th – 16th floor with a swimming pool on the roof terrace. The asset is covered by all the utility services (sewage, water, electricity and telecommunication). The property is zoned as ΠEZ (special commercial) with 250% building density and 70% coverage.

Investment Opportunity
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