Residential Plot with 4-Floor Building Allowance in Agioi Omologites, Nicosia
#40531
Agioi Omologites, Nicosia (City), Nicosia
- Land size 524 m²
- Frontage size 44 m
Property description
Strategically located in a prime and highly accessible area in central Agioi Omologites, Nicosia, this prime residential plot offers an exceptional development opportunity.
Property Highlights:
• Plot Area: 524sq.m. ready for development
• Frontage: 44m total dual-road frontage
• Terrain: Asphalt-paved corner plot with an obsolete covered parking structure currently on site
Development Note:
The property has a Planning permit since 2010 which expired in 2016, for a four (4) storey building with basement and parking for seven (7) apartments (No. 5933 - ΠA 276/09).
Planning Zone:
• Zone: Residential Zone Kα3
• Building Density: 140%
• Coverage Ratio: 50%
• Height Allowance: Up to 17 meters / 4 Floors
Location:
The property boasts prime accessibility, situated in a strategic corner position.
• Approximately 50m north of John Kennedy Avenue
• Approximately 500m northwest of the Terra Santa College
• Fronting onto Epaminonda Avenue (western boundary) and Kassalou Street (northern boundary)
There is a separate title deed for this property.
Extra information
General
- Occupancy status Vacant
Plot
- Land size 524 m²
- Frontage size 44 m
- Registration number 3/763
- Sheet/Plan 21/540601
- Block 3
- Parcel no. 717
Planning characteristics
| Zone | Cover factor | Build factor | Max floors | Max height | Affected % |
|---|---|---|---|---|---|
| Ka3 | 140% | 50% | 4 | 17 m | 100% |
Documents
Log in and download copies of the property’s legal and technical documents to have a clear picture of its status.
Unlock documentsDisclaimer: The property is owned by Themis Portfolio (S1) Management Holdings Limited. The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area. Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.
Disclaimer: The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).