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For Investment Investment Opportunity in Nicosia, Engomi

This sizeable plot of land lies within a residential area and a zone of “Special uses” in Engomi. The property equals a land area of 19,811sqm and is a 6% share of a 331,450 sqm parcel, which is adjacent to one of the largest supermarkets in Nicosia (AlphaMega) and the Metochi Kykkou. It has a frontage on a registered road that connects to Griva Digeni avenue.

The plot is flat and has a regular shape. It falls within the Planning Zones ΕΠ3 and Κα6 with maximum building density coefficients of 140%/90% and a coverage coefficient of 30% over 8/2 floors respectively.

The asset has a uniqueness, as there is a scarcity of similar size plots of land in the immediate area, and the dual planning zone allows for residential and commercial purposes.

The immediate area of the asset is well developed and compromises of luxury villas, house complexes, and residential plots.

The asset has good accessibility towards Nicosia city center through Griva Digeni Avenue. The wider Engomi area has experienced increased development activities over the past few years, resulting in an increased demand for retail units and supermarkets.

The Engomi area is also surrounded by a large diplomatic presence including the embassies of the USA, Russia, Egypt, and France and as a result, it may be considered one of the safest suburbs of Nicosia.

Sales Price:
€11,500,000
Title Deed Available
Listing Type:
Land
Property Type:
Field Parcel
Date Available:
14-12-2019
Ideal for:
luxury villas, house complexes and residential plots.
Zone:
Κα6
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