land for sale, Nicosia, Psimolofou

FOR SALE RESIDENTIAL LAND IN PSIMOLOFOU,NICOSIA.
This is a highly valuable residential development opportunity in Psimolofou, Nicosia, defined by its large plot size and extremely favourable urban planning specifications. The property is a field with an area of 1,817m , which is sizable enough to accommodate a significant residential project, such as a large number of detached houses or a modern apartment block. The key to this property’s potential lies in its zoning characteristics, which correspond to the H1 Residential Planning Zone. This zone is rare for its high allowances, permitting a generous Building Density of 120% and a Cover Factor of 70%. The building limitations are a maximum of 3 Storeys with a maximum structural height of 11.4 m. This height and floor allowance confirms the viability of constructing a multi-level building. This combination of large plot area, high density, and multi-storey allowance makes the property an outstanding investment for developers seeking to build a profitable, high-capacity residential project in a growing Nicosia suburb. The strong connectivity of Psimolofou to the city centre further enhances the attractiveness of any resulting dwellings for both long-term rental income and capital appreciation. Don’t miss the opportunity and contact G&P Lazarou to book a viewing today!

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