Property 50521 Engomi, Nicosia / 43038

Location:
• This prime residential plot is ideally situated in the highly desirable area of Egkomi, Nicosia. It enjoys a central and easily accessible position near to the key junction of Griva Digeni and Prodromou Avenues.
• It is an excellent location for a variety of development opportunities.
External Features:
• Spanning a total area of 781 sq.m., the plot benefits from a privileged corner position, ensuring maximum visibility and accessibility. It offers 20 meters of frontage to the west and 40 meters to the south.
• The site’s dual frontage not only enhances its commercial appeal but also simplifies access and development logistics.
Internal Characteristics:
• Currently, the property hosts a ground-floor structure with a basement. However, the existing building is considered economically outdated and no longer represents the highest and best use for this prime location. This makes the site a compelling candidate for redevelopment, tailored to meet the area's strong residential or commercial demand.
Advantages & Redevelopment Potential:
• The plot falls within the Εβ2 planning zone, allowing for a generous building coefficient of 180%, a coverage ratio of 50%, and permission for construction of up to 8 floors (31 meters). This high-density zoning provides ample flexibility for a substantial and profitable development project.
Special Features:
• The property is sold with a clean title deed corresponding to the land, facilitating a smooth transaction.
• With its exceptional location, large size, and development-friendly zoning, this plot presents a rare opportunity for investors, developers, or institutions seeking a strategic presence in one of Nicosia’s most prominent areas.