Description

• Location: Prime mixed-use land for sale in Nicosia, ideally situated opposite Nicosia Municipal National Park and the Venetian walls, near the National Theater and New Cyprus Museum. • Land Size: 1,417 sq.m. with immense development potential in a central and vibrant area. • Development Potential: Suitable for residential, commercial, and cultural projects, including: o Hotels o Office buildings (ideal for business headquarters or law firms) o Medical centers o University o Student accommodation o Shopping centers o High end residences • Building Specifications: o Building Density: 200% o Coverage Allowance: 60% o Floor Allowance: 8 o Building Zone: EΖ-δ • Incentives for Large Plots: o Plots over 1,000 sq.m on roads with at least 14 meters width may qualify for an increased floor area ratio up to 4.50:1, allowing up to 10 floors. o Conditions include:  Increased coverage rate of 60% observed in the first 4 floors  Must ensure comfort for neighboring property users • Additional Feature: Includes an existing building.