Plot, For Sale, Nicosia, Lycavitos

Location
• Positioned in the prestigious Lykavitos area, this plot sits within one of Nicosia's most established and desirable residential quarters near the city centre.
• Its strategic location provides immediate access to essential amenities, including leading schools, government offices, retail shops, and comprehensive healthcare services.
• Superb connectivity to the city's main road network ensures effortless travel to all key destinations across Nicosia and for intercity journeys.
• The sought-after neighbourhood is characterized by its quiet, high-quality residential setting, offering a serene yet exceptionally convenient urban lifestyle.
• A vibrant mix of local cafes, restaurants, and parks are all within easy walking distance, contributing to a superior and convenient daily life.

External Features
• This substantial 587 square metre plot provides a generous canvas for the development of a significant residential project with ample surrounding space.
• A wide road frontage of approximately 24 metres onto a registered, paved road ensures excellent accessibility for construction and for future residents.
• The land’s completely flat topography is a key advantage, promising to minimize excavation work and streamline the overall construction process and costs.
• Its highly practical, regular shape offers superb architectural flexibility, allowing for the efficient design and optimal layout of a modern apartment building.
• Key infrastructure, including access to the municipal water supply, is readily available, positioning the plot for immediate development activity.

Advantages - Special Features
• An exceptional building density factor of 140% allows for the creation of a substantial residential building, maximizing the potential return on investment.
• The Κα3 planning zone permits construction of an apartment building up to four floors and 17 metres in height, perfect for a boutique development.
• A ready building permit is already in place, offering a key advantage by allowing developers to commence construction without typical approval delays.
• A clean and separate Title Deed is available for the property, guaranteeing a secure, transparent, and straightforward transfer of ownership for the buyer.
• This plot represents an outstanding investment in an area with consistently strong rental and resale demand, promising excellent potential for long-term capital appreciation.