336m² Rentals

€ 245,000

Property Details
  • Property Refrence: 49273
  • Agent:
  • Property Type: Finca
  • Property status: Rentals
  • Property Price: € 245,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Built: N/A
  • Country: Cyprus
  • Region: Other
  • City: Other
Description

This property offers a prime redevelopment opportunity in Strovolos Municipality (Chryseleousa Quarter), Nicosia. • The site features an older 97 sq.m. detached house on 336 sq.m. of land, with a demolition permit valid until 16/10/2028, ensuring a cost-effective transition to redevelopment. • Zoned Εβ4 Commercial, the land allows high-density vertical development: 50% coverage, 140% building coefficient, up to 4 floors (potential 5 via planning incentives), and 17m height. Ideal for a modern mixed-use project with ground-floor shops and 4 premium apartments. • Strategically located, near Strovolos Town Hall, within walking distance to Nicosia’s commercial center and amenities. • A separate title deed is available.