Bazaraki
Property 6029385
Nicosia · EUR 995,000 · Unknown type
The property is a well-located commercial plot in the highly sought-after area of Engomi, Nicosia. Positioned just 200 meters southwest of the Prodromou and Vyzantiou intersection and approximately 450 meters from the junction of Griva Digeni and Prodromou Avenues, the plot benefits from a high-visibility location directly opposite Engomi High School and only 200 meters northeast of Kykkos A Lyceum. Spanning a total area of 781 sq.m., the plot enjoys a prominent corner position with 20 meters of frontage along Stasinou Street (west) and 40 meters along Andreas Dimitriou Street (south), offering excellent accessibility and visibility. The property currently includes a ground-floor structure with a basement. However, the existing building is considered economically obsolete and does not represent the sites highest and best use, making it a prime candidate for redevelopment. Located within Planning Zone Εβ2, the property benefits from a building coefficient of 180%, a coverage ratio of 50%, and permits for up to 8 floors (31 meters) of construction. A title deed is available and corresponds to the land, ensuring a secure and straightforward transaction.
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