790m² Commercial Plot for Sale in Nicosia - Faneromeni

Reference ID: #17110
Price details: €2,470,000

A plot of 790 sqm is available for sale in the heart of Nicosia in the Trypiotis quarter.

The subject property has a rectangular shape and a flat even surface. At its north border it benefits from a road frontage of circa 35m along Andrea Demetriou street and is currently used as parking space.

The immediate area consists of multi-storey developments, which are mainly shops, cafes, including some of the best known restaurants in Nicosia, and offices at the ground floors and flats on the remaining floors. In the wider area there are many landmark buildings housing public organisations including the Ministry of Labour and Social Insurance, Cyprus Neuroscience Technology Institute and the THOC premises.

The plot benefits from falling in planning zone Eα1 (commercial) allowing 250% building density, 40% coverage, 14 floors and a maximum height of 52m with further incentives available.