Prime Location 4 Adjacent Plots in Agioi Omologites,Nicosia
Nicosia, Agioi Omologites
€5,500,000
Plot
Commercial
2,126m²
Description
Strategic 2,126 sq.m. land parcel, ideal for mixed-use commercial and residential development, situated in the prime area of Agioi Omologites, in Nicosia district. Location: Strategically positioned in a prime city corridor, just 940m from the Venetian Walls of Nicosia and 310m from the Ministry of Finance. Surrounded by multi-storey office buildings and high-end residential flats, ensuring long-term value appreciation. Property Highlights: • Total Land Area: 2,126 sq.m. (comprising four continuous plots) • Frontage: Extensive 80m of road frontage on Grivas Digenis Avenue, plus an additional 30m on a registered public street. • Shape & Terrain: Continuous plots with flat terrain, offering optimized building efficiency. • Infrastructure: Close proximity to central utility networks, major road junctions, and ministerial facilities. • Investment Potential: This expansive parcel represents a significant opportunity for a multi-storey commercial hub or premium office and residential complex. Its central city size and location allow for flexible master-planning and high-density construction. • Existing Structures: One of the plots contains an obsolete building.. Key Features / Why Invest: • Development Ready: Flat terrain and continuous plots layout significantly reduce pre-construction costs. • Strategic Growth Area: Located within a high-demand commercial and administrative hub of the capital. • Value Retention: Premium city-center positioning and dual-road orientation that ensure high visibility and resale value for the finished project. Planning Zone: The property falls within Planning Zone ΕΖ-δ, with a building coefficient of 200%, coverage of 60%, and permission for 8 floors (31 meters) of construction. There are separate title deeds for the four plots. *Kindly note that photos marked as “Digital Design” are not real-life images but have been artificially generated to help you envision the property’s potential.
