Property 10349 Psimolofou, Nicosia / L-97353

This property represents a prime opportunity for real estate development in the upcoming and new-built neighbourhood of Psimolofou, located very close to the center of the village. The land for sale measures 2024 square meters and offers easy access to Nicosia, the capital of Cyprus. Being unfurnished, it presents a blank canvas for the new owner to create their dream residential development or commercial project. The property lies within a H3 Zone, which allows for a building density of 60%, coverage of 35%, and a 2-floor allowance. This essentially means that the buyer can construct a structure covering 60% of the plot, with the total area of all floors not exceeding 35% of the plot's size. Furthermore, the building can be up to two stories high. This offers a great deal of flexibility to the buyer, whether they wish to build a spacious family home, a multi-unit residential building, or a commercial property. The property is currently listed for sale and is perfect for anyone looking to invest in the growing real estate market of Nicosia, whether they are an experienced developer or a first-time buyer looking to make a smart investment. The land's location in a residential town planning zone further boosts its appeal, as it ensures the property will be surrounded by other residential properties, creating a harmonious and community-focused environment. In conclusion, this land represents a fantastic development opportunity in a prime location.