Property 2614 Arediou, Nicosia / P-113318

This plot is located in the vibrant area of Agios Andreas, very close to the heart of the capital city. With a generous surface area of 733 square meters, this land offers a vast space for real estate development. The plot features a 23-meter street front, granting easy access and visibility. The plot is zoned for residential use, making it an ideal place for developers to construct a multi-storey residential building or a commercial complex.

The town planning zone allows for a building density of 160%, providing substantial opportunity for a profitable development. A maximum of 6 storeys is permitted according to the current regulations. However, the final number of floors and the maximum height can be maximised subject to approval when applying for the building license. The property is currently unfurnished, offering a blank canvas for developers to design according to their vision.

The price is set at 597 per buildable square meter, providing a cost-effective opportunity for prospective developers. This plot is a unique investment opportunity in the thriving city of Nicosia, offering the potential for a significant return on investment. The location, size, and potential of this plot make it a highly desirable piece of real estate in the Walled Old City.