Property P-115320 Strovolos, Nicosia

This plot of land is a prime investment property found in the Chryseleousa Parish, within the Strovolos Municipality, situated in the Nicosia District. The property is in an excellent location, near the well-known cinema, K-Cineplex. The plot lies abutting a public road, boasting a frontage of about 50 meters. The property has a regular shape and level topography, which is an advantage for any type of construction. The total area of the land spans 4,030sqm. A significant 32% of this total area is within a commercial town planning zone 4 with a building density of 140%. The remaining 68% is zoned residential K6 with a building density of 90%. This makes the property highly suitable for the construction of a commercial, residential, or mixed-use building. With the increasing demand for real estate in this area, this land offers a great opportunity for a profitable investment, whether for commercial use, residential use, or a combination of both. The property is currently unfurnished, providing the perfect blank canvas for a new development. The sale of this property is subject to VAT. This is an opportunity not to be missed by anybody seeking to invest in a rapidly developing area with high potential for return on investment.