Land, For Sale, Nicosia, Lakatameia

Location
The property is located in a residential area of Kato Lakatamia, offering direct access to local amenities, schools and services, as well as convenient connections to Nicosia city centre and main road networks.
The area is established and suitable for both residential development and long-term investment.

Property Overview
The asset consists of a large plot of approximately 4,107sqm with an existing two-storey house constructed in 1988.
The existing building includes four bedrooms and three bathrooms, arranged over two floors, and may be retained, renovated, or redeveloped depending on the buyer’s strategy.

Development & Investment Potential
The size of the plot offers strong redevelopment potential, subject to planning regulations.
The property is suitable for:
Land banking
Demolition and new residential development
Renovation and resale
Large private residence with extensive outdoor space
Parking capacity for approximately 6 vehicles (2 covered + 4 uncovered) supports both residential and redevelopment use.

Technical Characteristics
Oil central heating
Air conditioning in selected areas
Partial double-glazed windows
Two-floor structure

Key Investment Highlights
Very large residential plot (4,107sqm)
Established residential location
Existing structure offers interim rental or renovation option
Multiple exit strategies for developers and investors
Suitable for redevelopment, subject to planning parameters

A rare opportunity to acquire a substantial land parcel with existing structure in Kato Lakatamia, offering flexibility and strong long-term upside for developers or strategic investors.