Plot, For Sale, Nicosia, Strovolos - Agios Vasileios

A 18% share, approximately 2,938sq.m., of a residential field, extending to about 16,454sq.m. in total.

Location
• Situated in the sought-after residential area of Agios Vasileios, offering a blend of suburban tranquility and convenient city access within Strovolos.
• Boasting excellent connectivity, the property is located only 750 meters from the B22 motorway, providing rapid transit across Nicosia and beyond.
• All essential services and local amenities are within easy reach, with the Strovolos community centre located approximately 2.5 kilometers from this prime position.
• Its strategic proximity to the Strovolos Industrial Area makes it an ideal spot for developing new housing to serve the area's professional workforce.
• The surrounding neighbourhood is characterized by ongoing residential development, indicating a dynamic and growing community with strong future potential.

External Features
• This offering consists of a significant share of a residential field, presenting an available development area of approximately 2,938 square meters.
• The plot benefits from guaranteed access via a fully registered road, which is a critical prerequisite for obtaining planning and building permits.
• An impressive road frontage of approximately 43 meters provides exceptional flexibility for architectural design and site planning for any future project.
• This land forms part of a larger residential parcel, suggesting an opportunity to contribute to a substantial, well-planned future community.
• The largely level terrain of the field offers a straightforward canvas for developers, potentially reducing initial ground preparation costs and simplifying construction.

Advantages - Special Features
• Designated within the desirable Κα7 residential planning zone, the land is perfectly suited for a high-density apartment complex or similar development.
• Investors can capitalize on a generous building density of 80% and a coverage ratio of 45%, maximizing the site's ultimate development potential.
• Planning regulations permit construction up to three storeys in height to a maximum of 13.5 meters, allowing for a substantial multi-unit residential building.
• This represents a compelling opportunity to secure a large portion of a prime parcel in a location with proven and consistent demand for new homes.
• Its strategic position in a developing part of Strovolos indicates strong potential for capital appreciation as the neighbourhood continues to mature and expand.
• The asset is ideal for a developer aiming to construct a residential building to cater to the high rental and sales demand within the capital city.