€1,990,000 + VAT
This 6.086 sqm field is located in the Kaimakli area of Nicosia.
The parcel falls into special planning zone EΠ6 and benefits from 60m road frontage.
A planning permit is held for the development of a 6- storey unified hall of residences/accommodation development accommodating 73 flats for university students, gym, 8 shops and underground parking area.
The property has the potential to be covered by all the utility services (water, electricity and telecommunication).
The immediate area is characterised as an industrial area which comprises mainly warehouses and industrial units.
The plot is zoned EΠ6 (special) with 160% building density, 50% coverage and 2 floors.