Property 13574 Nicosia, Nicosia / P-99230

This property presents a prime investment and development opportunity in the heart of Nicosia, specifically in the Faneromeni community. Suitable for high-rise buildings, the property comprises two continuous plots with a combined area of 904 square meters. One of the key advantages of this property is its building and covering densities. With 250% building density, it offers the potential to construct a substantial structure. Coupled with a 70% covering density, this allows for an extensive built-up area, optimizing the use of the land. Furthermore, the property is located in Nicosia's special zone, an area designated for the construction of the city's tallest structures. This adds immense value to the property, making it a lucrative investment opportunity for developers and investors alike. Another significant feature of this property is its strategic location. It is merely 10 meters away from the bustling Makarios Avenue, placing it right at the city's commercial hub. This ensures high visibility and accessibility, which are crucial for any commercial or residential development. The property is currently unfurnished, providing a blank canvas for potential buyers to bring their vision to life. It should be noted that the final number of floors and height will be determined upon application to the local authorities. Moreover, this property falls under the commercial town planning zone, further reinforcing its suitability for a range of business ventures. In conclusion, this property offers a unique combination of location, size, and potential that makes it a standout investment opportunity in the Nicosia real estate market.