Property 10320 Palaiometocho, Nicosia / L-96928

This offering presents an exceptional opportunity to own a residential plot of land in the serene community of Palaiometocho, Nicosia. Spanning 1,171 square meters, this land promises ample space to build a dream home or a profitable real estate development. The land falls within the H3 zone, which allows for a 60% building density. This means you can develop a building that covers up to 60% of the total land area. Additionally, the plot comes with a 35% coverage ratio, providing sufficient room for landscaping and outdoor amenities. The town planning permits a construction of a 2-storey building which provides flexibility in the design of the potential development. This land is currently unfurnished, providing a blank canvas for the new owner to bring their vision to life. The property is available for sale and is subject to VAT. The property is classified under the 'plot' subtype within the 'land' property type. The rent frequency for this property is set to be monthly. This land represents a lucrative investment opportunity in one of Nicosia's sought-after residential areas. Its strategic location offers easy access to local amenities, and its generous zoning specifications offer a high degree of flexibility to prospective buyers or developers. Whether you are an individual homeowner looking to build your dream home, or a developer seeking a profitable venture, this land presents a unique opportunity that should not be missed.