Residential Plot for sale, Nicosia, Strovolos, Agios Vasileios

This commercial plot in Strovolos sounds like a great opportunity for developers! With a total area of 634 square meters, a 160% built factor allows for significant construction potential, which means you could build approximately 1,014 square meters of space. The 50% cover factor indicates that the building can cover up to 317 square meters of the ground. Given the six-floor allowance and a maximum height of 24 meters, there's ample opportunity for a multi-use development, potentially accommodating retail, office spaces, or residential units, depending on the zoning regulations. The existing house from 1968, renovated in 1982, might need to be considered for either renovation or demolition, depending on the intended use. Being located on a main road adds value due to visibility and accessibility, making it appealing for various commercial ventures. If you're looking to develop in a bustling area, this plot could be a prime investment!