Plot, For Sale, Nicosia, Lakatameia

Location
• Situated within a thriving commercial corridor in Lakatameia, this plot is surrounded by major retailers and services, ensuring exceptionally high footfall.
• The property enjoys a prime location in a dynamic area known for its robust commercial activity and dense residential neighbourhoods, guaranteeing a steady customer base.
• Excellent accessibility is provided as the site abuts the high-traffic Archiepiskopou Makariou III Avenue, a key arterial road offering superb visibility.
• Its central setting benefits from close proximity to schools and public amenities, catering perfectly to the needs of both future businesses and local residents.
• This area is characterized by continuous growth, positioning it as a premier Nicosia district for long-term commercial investment and value appreciation.

External Features
• This unique offering consists of two adjacent commercial fields sold as one unit, providing a substantial combined land area of 827 square metres.
• The plot boasts a significant 18 metres of direct road frontage onto a registered thoroughfare, maximising commercial exposure and simplifying construction access.
• Benefiting from a highly practical regular shape and an even surface, the land is primed for immediate and cost-effective development with minimal site work.
• Its optimal configuration allows for flexible architectural design and efficient spatial planning, accommodating a wide range of potential building layouts.
• The property's direct abutment onto a main commercial avenue places any future project in the direct line of sight for thousands of daily commuters.

Advantages - Special Features
• The property falls within the highly desirable Commercial Planning Zone Εβ4, allowing for significant and versatile mixed-use development projects.
• This advantageous zoning permits a very high building density of 140% and a coverage ratio of 50%, enabling construction of a substantial building.
• Developers can capitalize on the permission to build up to four floors with a maximum height of 17 metres, fully maximising the site's investment potential.
• A previously issued planning permit for a shop and ten apartments provides a valuable, proven blueprint for a commercially successful mixed-use development.
• The availability of a separate title deed ensures a secure and straightforward acquisition process, offering complete peace of mind to the investor.