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573 SQM Plot
Nicosia Municipality, Nicosia
Offers in the region of

€600,000  ($696,410)

VAT Applicable not included in the price
SOLD
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 822754 (117187)
  • Plot: 573 sqm

Description

Concept Design Commercial plot in a central location in Agios Antonios parish, in Nicosia Municipality. It is located approximately 120 meters southwest of the intersection of Digeni Akrita and Larnakos Avenue, two of the most commercial arteries of Nicosia. The plot has a triangle shape,an even surface, and 49 meters of frontage on its northern boundary. The property has the potential to gain an extra building density coefficient via planning incentives. The plot could be utilized and developed with a multi-story building of mixed or commercial use. The property falls within the Planning Zone EZ - α, having a Building Density Coefficient of 200% (by utilizing the incentives the Building Density Coefficient can be increased up to 450%), a Coverage Coefficient of 60%, a Maximum Floor 8, and Maximum Height 31m. The company-selling design team with the collaboration of an external Architect, proceeded with a concept design. More specifically, the plot can host a 7-storey residential building with 2 levels of basement and a total of 12 flats where 8 are two-bedroom flats and 4 one-bedroom flats. The enclosed areas are 866 sqm and 290sqm of covered verandas, without taking into account the basements, staircases, and parking spaces. The two basements and the ground floor share in total of 18 parking spaces where 2 of which are for disabled people. It is noted that the 2 basements are served via a car elevator.

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Disclaimer - Property reference 822754. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.