About this property
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.
