Commercial (Share 16%) and residential (share 50%) fields in Nicosia

"Properties listed with a Reserve Price indicate that the Seller reserves its right to not accept offers below the specified price. All offers must exceed the Reserve Price. While lower offers may be submitted, they are unlikely to be considered by the Seller."

Shared ownership of two (2) adjacent development fields with a total land area of 13,517sq.m., located in the Agioi Konstantinos and Eleni Quarter of Nicosia Municipality and district.

Location: Situated within Nicosia Municipality, positioned approximately 200 meters from Alsos Academia’s Park and 400 meters from the BMH Military Barracks.

Property Highlights:
• Total Combined Area: 13,517 sq.m.
• Ownership Shares:
o 16% share of a commercial field.
o 50% share of a mixed commercial and residential field.
• Road Frontage: Access via two registered roads providing a total combined frontage of approximately 245m
• Zoning Specifications (Parcel Reg. No. 4/58 of approx. 6,168 sq.m.):
o Zone Κα3 (100%):
- Max. Density: 140%
- Max. Coverage: 50%
- Max. Height: 17m / 4 Floors
• Zoning Specifications (Parcel Reg. No. 4/145 of approx. 7,349 sq.m.):
o Zone Κα3 (56% Portion):
- Max. Density: 140%
- Max. Coverage: 50%
- Max. Height: 17m / 4 Floors
o Zone Εβ2 (44% Portion):
- Max. Density: 180%
- Max. Coverage: 50%
- Max. Height: 31m / 8 Floors

There is a Distribution Agreement in place.