Property ID : GPL-49472
Sold/Rented €1,200,000 - Building Plot
The 1,619sqm field lies within a residential area with a high building density. Its total frontage to the public road comes up to 35 meters. The asset has good accessibility to the nearby services, amenities and the city centre. The neighbouring area is mainly developed with older residential apartment buildings.
The property falls within the Planning Zone Κα4 with a maximum building density coefficient of 120% and a coverage coefficient of 50% over 3 floors.
The asset has a uniqueness, as there is scarcity of similar size plots of land in the immediate area, and the dual planning zone allows for residential and commercial purposes.
This residential field is situated in a prime residential area of Nicosia, surrounded by a large diplomatic presence including the embassies of the USA, Russia, Egypt and France and as a result it may be considered one of the safest suburbs of the city.
The wider Engomi area has experienced increased development activities over the past few years, resulting in an increased demand for retail units and supermarkets.