Property 11571 Palaiometocho, Nicosia / L-101128

This property listing refers to a large piece of land that is currently for sale. Located in the residential community of Palaiometocho, within the district of Nicosia, this plot presents a unique opportunity for potential buyers. The total area of the land measures approximately 1673 square meters. The majority of the property, around 93%, falls within a zone that permits a building density of up to 60% and a coverage ratio of 35%. This implies that any potential construction on this portion of the land can stand up to 2 floors high. The remaining 7% of the land lies within a zone that allows a building density and coverage ratio of 10%, also permitting a 2-floor building. The land is currently unfurnished, providing a blank canvas for those who wish to develop it according to their preferences. The property is categorised as a plot, therefore it is suitable for residential building projects. The plot is also available for monthly rent. This land offers a unique opportunity for development in a residential area, providing the potential for a significant return on investment.