Residential Plot for sale, Nicosia, Lakatamia

Location The property is located in a residential area of Kato Lakatamia, offering direct access to local amenities, schools and services, as well as convenient connections to Nicosia city centre and main road networks. The area is established and suitable for both residential development and long-term investment. Property Overview The asset consists of a large plot of approximately 4,107sqm with an existing two-storey house constructed in 1988. The existing building includes four bedrooms and three bathrooms, arranged over two floors, and may be retained, renovated, or redeveloped depending on the buyer’s strategy. Development & Investment Potential The size of the plot offers strong redevelopment potential, subject to planning regulations. The property is suitable for: Land banking Demolition and new residential development Renovation and resale Large private residence with extensive outdoor space Parking capacity for approximately 6 vehicles (2 covered + 4 uncovered) supports both residential and redevelopment use. Technical Characteristics Oil central heating Air conditioning in selected areas Partial double-glazed windows Two-floor structure Key Investment Highlights Very large residential plot (4,107sqm) Established residential location Existing structure offers interim rental or renovation option Multiple exit strategies for developers and investors Suitable for redevelopment, subject to planning parameters A rare opportunity to acquire a substantial land parcel with existing structure in Kato Lakatamia, offering flexibility and strong long-term upside for developers or strategic investors.