Commercial Plot in Nicosia - Nicosia

Property Description

Commercial plot in a lively and central location in Panagia Quarter in Nicosia Municipality, at a distance of 200 meters (approx.) northwest of the “Athienitis” supermarket and 175 meters (approx.) north of Larnakos avenue.

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. It abuts onto Markou Drakou Avenue along its eastern boundary 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. 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.