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Description: Commercial Development Zone (West)-Outside The Walls (Ζωνη Εμπορικης Αναπτυξης (Δυτικη)-Εκτος Των Τειχων)
Coverage: 0.6
Density: 2
Height: 31 meters
Allowed stories: 8
Development description: Nicosia Center Area Local Plan (Σχεδιο Περιοχης Κεντρου Λευκωσιας)
Residential: 0.12 Km
Tourist: 35.23 Km
Industrial: 4.06 Km
Agricultural: 4.26 Km
Farm: 10.67 Km
The property comprises four adjoining plots with a total land area of 2,126 m², located within the Agioi Omologites quarter of the Municipality and District of Nicosia.
The plots are situated approximately 940 meters from the Venetian Walls of Nicosia, 310 meters southwest of the Ministry of Finance, and 170 meters west of the traffic lights at the junction of Dimostheni Severi and Grivas Digenis Avenues.
The property benefits from excellent accessibility, it borders a registered public road (dead end) on its northern side, with a frontage of about 30 meters.
The surrounding area is predominantly developed with multi-storey buildings comprising both offices and residential apartments. Properties with frontage onto the main roads are also utilized as showrooms and for other commercial uses.
The asset consists of the following plots:
Plot 1: Extending to approximately 792 m², falling within Planning Zone ΕΖ-δ, with a building density of 200%, coverage of 60%, and a permitted height of 8 floors (31 m).
Plot 2: Extending to approximately 812 m², falling within Planning Zone ΕΖ-δ, with a building density of 200%, coverage of 60%, and a permitted height of 8 floors (31 m).
Plot 3: Extending to approximately 262 m², falling within Planning Zone ΕΖ-δ, with a building density of 200%, coverage of 60%, and a permitted height of 8 floors (31 m).
Plot 4: Extending to approximately 260 m², falling within Planning Zone ΕΖ-δ, with a building density of 200%, coverage of 60%, and a permitted height of 8 floors (31 m).
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