Property 44941 Nicosia, Nicosia / 38976

• Location: Prime mixed-use land for sale in Nicosia, ideally situated opposite Nicosia Municipal National Park and the Venetian walls, near the National Theater and New Cyprus Museum.
• Land Size: 1,417 sq.m. with immense development potential in a central and vibrant area.
• Development Potential: Suitable for residential, commercial, and cultural projects, including:
o Hotels
o Office buildings (ideal for business headquarters or law firms)
o Medical centers
o University
o Student accommodation
o Shopping centers
o High end residences
• Building Specifications:
o Building Density: 200%
o Coverage Allowance: 60%
o Floor Allowance: 8
o Building Zone: EΖ-δ
• Incentives for Large Plots:
o Plots over 1,000 sq.m on roads with at least 14 meters width may qualify for an increased floor area ratio up to 4.50:1, allowing up to 10 floors.
o Conditions include:
 Increased coverage rate of 60% observed in the first 4 floors
 Must ensure comfort for neighboring property users
• Additional Feature: Includes an existing building.