Residential Plot for sale, Nicosia, Palouriotissa

633 m2 Commercial plot in a central location in Panagia Quarter in Nicosia Municipality, at a very short distance of the “Athienitis” supermarket and Larnakos Avenue. It is ideally situated close to a plethora of amenities and services such as supermarkets, shops, schools etc. In addition, the property enjoys excellent accessibility to the Nicosia city centre. The plot has a rectangular shape and a level surface with a total frontage of 24 meters. It is noted that the plot falls within the commercial zone EZ-α which allows the construction of an eight-storey building. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan. Zone: EΖ-α Area: 633 m2 Building coefficient: 200% Coverage: 60% Floors: 8 Height: 30 m Frontage: 24 m