Property 13658 Nicosia, Nicosia / P-106094

These two excellently located adjacent commercial plots of land are located on one of the most sought-after commercial streets in Nicosia. The total size of the plots is 1,057sq.m. making it ideal for commercial use. The property has a street-front of about 45 meters, making it a perfect location for a development with shops and offices. The area is popular for accounting companies, doctors, lawyers, offshore companies, and company headquarters. Both plots fall within the Commercial Planning Zone EB2. The buildings on the plot can be demolished to make way for new development. Preliminary views from Nicosia Municipality regarding the size of the new project that can be built have been obtained. Due to the size of both plots, there is an extra 10% building density allowance. The property data indicates a maximum of 8 floors for a new structure with a 50% building coverage coefficient. The land type is classified as a plot, and it is currently not furnished.