7167 SQM Land for sale in Strovolos, Nicosia

The property is a field of 7,167 sqm, located in the Agios Vasileios area in Nicosia. It is situated 850m northwest of the GSP stadium, 1km southwest of the junction of Spyrou Kyprianou and Demetri Vikela junction (ex Orphanides traffic lights) and 1.5km southeast of Tseriou Avenue. The property benefits from road frontage of 13m along a registered public asphalted road. It has the potential to be covered by all the utility services i.e. electricity, water and telecommunication. The asset has an active planning permit for division into 7 plots ranging from 525 sqm to 955 sqm. The surrounding area of the plot is characterised by average to high-end residential developments. Properties in this area benefit from easy access to the Nicosia - Limassol motorway. The property is zoned as Κα7 (residential) with 80% building density, 45% coverage, 2 floors and a maximum height of 10-8.3m. THE PRICE IS SUBJECT TO VAT.All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.