Property P-98162 Nicosia, Nicosia

This property listing refers to a 677 sq.m residential plot available for sale in the community of Aglantzia, within the municipality and district of Nicosia. The plot falls under the 4 Residential Zone, indicating its suitability for residential development. The property carries a Building Density of 120% and a Coverage of 50%, demonstrating its potential for substantial development. The specifics of the plot provide allowance for the construction of a 3-floor building, with a maximum height of 13.5m. This offers potential buyers the opportunity to develop a sizeable residential building or complex. The plot's location is particularly advantageous. It is situated close to the new roundabout that connects Larnakos and Ammochostou Avenues, making it easily accessible and well-connected. Furthermore, the plot is conveniently close to a range of amenities, schools, and various other developments. This, coupled with the plot's development potential, makes it an attractive investment opportunity. Although the property is currently unfurnished, given its status as a land plot, the opportunity for customization and development is significant. The property is listed with VAT applicable, and the investment category is classified as 'Development Property'. The potential for rent frequency is on a monthly basis, offering additional flexibility for investment returns.