Prime Development Plot In City Center

Nicosia
Nicosia Down Town

€ 2,750,000

1,092 m2 Area
200% Build
60% Cover

Property Ref: #12116

Property Description

A rare opportunity to acquire Plot 1092, ideally located in the heart of Nicosia city center, offering exceptional development potential in one of the most sought-after urban areas of the capital. The plot benefits from a 200% building density, allowing for the construction of a modern 6-floor residential or mixed-use building, making it an outstanding opportunity for developers and investors looking to create a high-value project in a central location. With its strategic positioning in the city center, the property provides immediate access to business districts, shopping areas, universities, restaurants, and essential amenities, ensuring strong demand for residential or commercial units. This plot is perfectly suited for the development of luxury apartments, serviced residences, offices, or a mixed-use project, taking full advantage of the growing demand for centrally located properties in Nicosia.

Property Features

Type

Residential Plot

Status

Resale

Area

1,092 m2

Build

200%

Cover

60%

Even More Info

Accessibility Road

: Asphalt

Street Level

: Same

Surface

: Flat Level

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