583sqm 140% Density Residential Plot in Panagia Nicosia

Overview

Reference

125175

Category

land

Property type

plot

Subtype

Field

City

Nicosia

Title deed

Yes

VAT

No

Land type

Plot

Plot type

Residential

Zone

Κα3

Frontage

20 m

Description

Excellent Development Opportunity in Panagia / Pallouriotissa, Nicosia A prime residential plot of 583 sqm offering excellent potential for residential development. The property benefits from approximately 20 meters of road frontage and falls within the Ka3 Planning Zone, with: Building Density: 140% Coverage: 50% Maximum Floors: 4 Maximum Height: 17 meters Potential Buildable Area: Approximately 816 sqm The plot currently includes an old single-storey house with no significant value, which is suitable for demolition. Based on the available building density, the property offers excellent potential for the development of approximately 10x two-bedroom apartments of around 80 sqm internal area each, plus covered balconies (subject to planning and building permits). An attractive opportunity for developers and investors seeking a centrally located residential development project in Nicosia. For further information, please contact our office.

Characteristics

• City view
• Investment
• Near Amenities
• Residential Area