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Pay in USD and save up to $11,732Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 1
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Commercial: 0.25 Km
Tourist: 34.79 Km
Industrial: 2.04 Km
Agricultural: 2.04 Km
Farm: 5.14 Km
Situated in the well-established residential area of Lakatamia, within the Agia Paraskevi quarter, this asset is best considered as a prime development plot, as the existing structure requires demolition. The property comprises a 534 sq.m. plot with approximately 18 metres of road frontage, offering an excellent opportunity for the construction of a new residential project.
Falling within Zone Κα5, the plot benefits from a building density of 100% and coverage of 50%, allowing for the development of up to three floors (13.5 metres in height). These planning characteristics make it particularly attractive for developers or investors seeking to maximize buildable area in a sought-after residential location.
Conveniently located approximately close to Archbishop Makarios III Avenue anthe 6th Elementary School of Lakatamia, the property combines quiet neighborhood living with excellent access to key amenities, schools, and the main road network.
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For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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