This asset is an under-division residential corner plot of 520 sqm in Geri Municipality in Nicosia District (near the Omonoia Training Grounds). It abuts a public road and is close to amenities and services. On this plot, there is the possibility of house construction. In general, it has excellent potential for development. It benefits from additional land that can be utilised until the future city road expansion plans are implemented. Furthermore, the area permits the construction of floors above the commercial property, providing ample opportunity for vertical development. It falls within planning zone Κα8 (Residence) with building coefficient of 92% (maximum building ratio of 60%, coverage ratio of 35%, on 2 floors, maximum height of 10m), planning zone Εβ5 (Commercial And Other Central Functions Area) with building ceofficient 6% (maximum building ratio of 120%, coverage ratio of 50%, on 3 floors, maximum height of 13.5m), and planning zone Κα7 (Residence) with building coefficient of 2% (maximum building ratio of 80%, coverage ratio of 45%, on 2 floors, maximum height of 10m). All necessary infrastructure for development is already in place, and the approximate completion date is in September 2025.


SPECIFICATIONS:

Building Coefficient (Κα8): 92%
Building Factor: 60%
Cover Factor: 35%
Height: 10m
Floors: 2

Building Coefficient (Εβ5): 6%
Building Factor: 120%
Cover Factor: 50%
Height: 13.5m
Floors: 3

Building Coefficient (Κα7): 2%
Building Factor: 80%
Cover Factor: 45%
Height: 10m
Floors: 2