House for sale in Nicosia, Cyprus

Reference ID: #SA36296Price details: €7,500,000 +VATThis exceptional large-scale parcel which comprises of 5 mixed use abutting parcels (3 plots and 2 fields), in Apostolos Varnavas & Agios Makarios quarter, in Strovolos Municipality of Nicosia District.This unique large-scale parcel of land is strategically positioned at the main entrance of Nicosia, offering unparalleled visibility and accessibility. The property is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, the property has excellent access to the motorway and the center of the municipality.As a single unit, It has a regular shape and a relatively even surface. The has a corner position, it will be part of cul-de-sac with a pedestrian walkway and abuts 3 public registered roads with a total frontage of approximately 235 meters.The property presents an outstanding opportunity for both commercial and residential development. It has a base buildable area of 6,800 sqm, and the potential to expand up to 8,500 sqm through available incentives, the site offers remarkable flexibility for a variety of high-value projects.Whether envisioned as a modern mixed-use complex, a landmark commercial hub, or an upscale residential development, this property's strategic location, generous dimensions, and substantial development potential make it one of the most attractive investment opportunities in Nicosia's thriving real estate market.The properties fall within the Commercial Zone Eβ3 (Activity axis I), having a building density of 160% and within the Residential Zone Κα4, having a building density of 120%.The properties are sold as a single unit with total area of 6.048 sqm

Reference number: SA36296
Density: 160%
Coverage: 50%
Land type: Plot
Plot area: 6048 m2
Plot Type: Commercial
Square meter price: €1.240 /m2: