City Centre Gem

Nicosia
Nicosia Down Town

€ 2,700,000

719 m2 Area
250% Build
70% Cover

Property Ref: #9602

Property Description

Located in the heart of the city, this plot includes an old house that offers incredible potential for redevelopment. With the possibility to demolish and build a high-rise building, this property benefits from a 250% building factor, allowing for substantial expansion. Perfect for investors or developers looking to capitalize on a prime location with limitless potential.

Property Features

Type

Plot

Status

Resale

Area

719 m2

Build

250%

Cover

70%

Even More Info

Accessibility Road

: Asphalt

Street Level

: Same

Surface

: Flat Level

Title Deed

Plans

Location

Downtown Center, Nicosia Down Town, Nicosia

CURRENT ASKING PRICES PRICES IN DOWNTOWN CENTER

AVERAGE PRICES TODAY

Flat Price
€ 525,956
Residential Plot Price
€ 3,383,333

% PROPERTY TYPES

12% Plots
88% Flats

% BEDROOMS

5% 1 Bed Flat
50% 2 Bed Flat
45% 3 Bed Flat

AVERAGE PRICES BY NUMBER OF BEDROOMS

1 Bed Flat
€ 190,000
2 Bed Flat
€ 390,454
3 Bed Flat
€ 712,200

PRICE RANGE

Flats:
€ 190,000 - € 1,400,000
Houses:
-
Residential Plots:
€ 2,700,000 - € 4,700,000