Residential Land
3902 m² Plot

FOR SALE - €3,464,000 - REF. NO. L34509

This asset comprises of two well located plots totalling 3.902 sqm and is located in the heart of Strovolos, Nicosia. The plots are available for sale individually or together. The larger plot totals 3.112 sqm with a frontage of 30m and 50m. The other plot totals 790 sqm with a frontage of 22m. The immediate area comprises mixed use developments. There are many commercial developments (showrooms and offices), whereas the secondary streets comprise residential developments (detached/semi-detached houses and residential units). The wider area is comprised of residential units and other multi-storey developments. Due to the location, the plots under some circumstances can benefit from planning incentives provided by the Ministerial Council in regards to the attraction and encouragement of projects for the construction industry. The plots are served by utilities including water, electricity and telecommunications. 1.522 sqm of plot 0/13411 and 764 sqm of plot 0/13413 is zoned as Εβ3 (Commercial) with 160% building density, 50% coverage, 6 floors and a maximum height of 24m. 1.590 sqm of plot 0/13411 and 26 sqm of plot 0/13413 is zoned as Κα5 (residential) with 100% building density, 50% coverage, 3 floors and a maximum height of 13,5m.

Investment Opportunity
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