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The centrally located land plot of 660 sqm with attractive Eβ3 commercial zoning is situated in the Agios Andreas area in Nicosia.
It is located circa 860m southwest from Solomou Square, 700m southwest from the Pili Pafou Roundabout and 520m southeast from the Parliament.
The plot benefits from road frontage of circa 36m along Metochiou Avenue.
The asset has acquired a building permit for the development of a 5-storey development (Expiry date: 07/07/2017), with a total height of 18.05m with office areas on floors 1 – 4.
The immediate area mainly consists of multi-storey developments with commercial use at ground floor level and residential developments on the remaining floors.
The property is zoned as Εβ3 (commercial) with 160% building density, 50% coverage, 6 floors and a maximum height of 24m.
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