Residential Plot for sale, Nicosia, Strovolos, Agios Vasileios

Special Offer for a limited period of time. The property is available at a reduced-price offer of €835000 (from the original asking price of €1,190,000). •Terms & Conditions apply. The reduced price is firm and final • Only offers at these fixed levels will be accepted. Location • The property is situated in the Agios Vasilios area within Strovolos Municipality, Nicosia district. • Situated in a walking distance of Kantaras Street and Tseriou Avenue, ensuring excellent connectivity to the city centre and neighboring areas. • The immediate surroundings include a mix of residential developments and apartment blocks, complemented by commercial activity along the nearby main roads. • The area has seen notable growth in recent years, making it a well-developed and desirable location. Plot Characteristics • The asset comprises a large rectangular plot with a total area of 2,471 sqm. • It features an even, flat surface and enjoys dual road frontage, with approximately 16 metres on its northwest boundary and 11 metres on its southeast boundary. • The plot is fully serviced with access to water supply, electricity, and telecommunication networks, enhancing its suitability for immediate development. Advantages & Special Features • The property benefits from a prime location in a steadily developing neighborhood, offering both residential and commercial prospects. • Its rectangular shape and flat terrain make it ideal for efficient planning and construction. • Moreover, it falls within the Residential Planning Zone Κα5, which allows for a building density of 100%, a coverage coefficient of 50%, over three floors with a maximum height of 13.5 metres. • These favorable planning parameters provide excellent potential for a wide range of development opportunities.