Residential Land
9930 m² Plot

FOR SALE - €5,130,000 - REF. NO. L34506

The asset is a residential plot of land which accommodates a house, with total land area of 9.930 sqm, in Strovolos, Nicosia. The plot has a rather irregular shape and a flat and even surface. It is noted that the property is at higher ground level that then adjacent parcels and it enjoys views to the surrounding areas. The plot of land encompasses a ground floor dwelling with an approximate area of 300 sqm, an ancillary unit of circa. 80 sqm and a tennis court. The property has an excellent location and a very good proximity as it is surrounded by critical roads of the capital city’s transport network allowing it to offer great access to the town centre and other surrounding areas. The immediate area of the property is a well-known developed area, which has high ‘concentration ratio’ of medium and high quality residential developments, villas and flats. The wider area is characterised by a limited number of commercial buildings as well as developments and land of similar use. The property falls within the Commercial zone Κα6 with a maximum building density coefficient of 90% and a land coverage coefficient of 50% over 2 floors and 10.00 metres height.

Investment Opportunity
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