Property 17061 Nicosia, Nicosia / P-118122

Presenting a prime commercial plot located in the heart of the bustling business district in Nicosia City Center. This plot is ideally situated near various key locations including the landmark buildings of Nicosia, as well as head offices of established accounting and law firms, and offshore companies. With a total land size of 764 square meters, the plot offers ample space for development and construction. The plot is permitted a building density of 180%, providing potential buyers with the possibility of maximizing their investment by utilizing the generous allowance for construction. In the thriving area, the allowance is for an 8-storey building, offering the opportunity to construct a high-rise that can cater to various commercial purposes. Currently, there is an old building on the property which can be demolished or renovated as per the buyer's needs. The plot falls under the commercial town planning zone, reinforcing its suitability for commercial use. The property subtype is a plot, and the land type is also a plot. With a cover factor of 50.00, this plot offers a significant amount of flexibility for development. The rent frequency is on a monthly basis. This plot is an excellent opportunity for investors looking to establish or expand their commercial ventures in the heart of Nicosia's business district.