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€5,500,000 €2,587/m²

2,126m² Plot for Sale in Agioi Omologites, Nicosia District

Agioi Omologites, Nicosia district Posted 7 months ago Updated 2 days ago
2,126 m²Plot
Nicolaou Estates Agency · Reg. 693 · Licence 365/E 2,352 for sale · 165 for rent

About this home

Strategic 2 126 sq.m. land parcel ideal for mixed use commercial and residential development situated in the prime area of Agioi Omologites in Nicosia district. Location Strategically positioned in a prime city corridor just 940m from the Venetian Walls of Nicosia and 310m from the Ministry of Finance. Surrounded by multi storey office buildings and high end residential flats ensuring long term value appreciation. Property Highlights Total Land Area 2 126 sq.m. comprising four continuous plots Frontage Extensive 80m of road frontage on Grivas Digenis Avenue plus an additional 30m on a registered public street. Shape Terrain Continuous plots with flat terrain offering optimized building efficiency. Infrastructure Close proximity to central utility networks major road junctions and ministerial facilities. Investment Potential This expansive parcel represents a significant opportunity for a multi storey commercial hub or premium office and residential complex. Its central city size and location allow for flexible master planning and high density construction. Existing Structures One of the plots contains an obsolete building.. Key Features Why Invest Development Ready Flat terrain and continuous plots layout significantly reduce pre construction costs. Strategic Growth Area Located within a high demand commercial and administrative hub of the capital. Value Retention Premium city center positioning and dual road orientation that ensure high visibility and resale value for the finished project. Planning Zone The property falls within Planning Zone with a building coefficient of 200 coverage of 60 and permission for 8 floors 31 meters of construction. There are separate title deeds for the four plots. Kindly note that photos marked as Digital Design are not real life images but have been artificially generated to help you envision the property s potential.

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Reference
VL52142
Property type
Land and Plots
Plot area
2,126 m²

What it will really cost

Asking price€5,500,000
Title transfer fee ~€216,600
Estimated total€5,716,600
Mortgage estimate
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Location

Agioi Omologites, Nicosia district

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€5,500,000€2,587/m²
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