Commercial plot in a lively and central location in Palouriotissa in Nicosia Municipality.

The property is ideally situated close to a plethora of amenities and services such as supermarkets, shops, schools etc. In addition, the property enjoys excellent accessibility to the Nicosia city center.

The plot has a rectangular shape and a level surface with a total frontage of 24 meters (approx.). Within the property there is a single-storey building that bares no economical value.

It is noted that the plot falls within the commercial zone EZ-α which allows the construction of an eight-storey building, with a constructible area of approximately 1386 sq.m.. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.

It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of a residential complex that will consist of 2 shops with a mezzanine and 8 apartments.

The property has a separate title deed.