The property is a shared (5.79%) of field/estate, part of a large mixed-use land in Strovolos. The field has a total land area of 231,920sqm and corresponds approximately to 13,416,97 sqm.
It has frontage of about 390m on three public roads/avenues. Provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away, offering access to all amenities and services.
There is a building permit (subdivision/road construction permit) for the division of the estate into 15 plots. The property can benefit from the special incentives for developments allowed by Nicosia local plan.
There is a distribution agreement in place between the co-owners. This is a unique opportunity for both residential and mixed-use development.
Town planning zone: Residential
Building density: 100 %
Coverage ratio: 50 %
Max floors: 3
Max height: 13.50 m
Shared: Yes
Shared percentage: 5.80 %