For Sale €6,000,000
Ref. No. P-03-058-00121
Nicosia, Nicosia
Residential Land
Plot: 762m²
Blue Sky Properties
Call Tel. +357 25 760781
Fax. : +357 25 760 604

For Sale Residential Land in Nicosia for €6,000,000

Over the millennia Cyprus was attacked by conquerors and now it is being “bombarded” by foreign investors. The specific plot offers the opportunity for a Landmark Building in the center of Nicosia. The buildings around it are city center points of reference. The location is 50m from Makarios Avenue which is one of the most commercial streets of Cyprus and 250m from Eleftherias Square which the center of the capital. 762m² area, Zone is Ea1, building density 250%, coverage density 40%, 14 floors with maximum height 28m street front. A building of 1,095m² covered areas can be developed. Additionally, according to the law: the building density can be increased by 15%, if 20% of the total development is residential and increased by 25%, if 40% of the total development is residential. Evaluation by a Chartered Surveyor is available on request. Asking price which is negotiable is €6,000,000.
VAT is not Applicable