The property is situated in a very central area of Nicosia, Ayioi Omologites.

Very prestigious location near the Presidential Palace, Ministry of Foreign Affairs,  approx. 30,000 people pass by the property daily. 

Some points to be considered are the following:

1) Possible Increase in FAR (Floor-Area-Ratio) by buying air rights off nearby landmark buildings.

2) City incentives (Poleodomia) may allow 2 additional floors for one extra underground parking floor (to be verified by your architect).

3) City offers additional building incentives for creating a specified green area in the front part of the lot. It is called in Greek “πράσινη πλατεία υψηλής προδιαγραφής.” It should cover 25% of the total lot - currently the lot coverage is at 50% so there is plenty of space for that (to be verified by your architect).

4) Double entrance to the lot from the front and in the back.

PLOT 1

-582 sqm

-Planning Zone Area ΚΓ2 Residential Development / Offices

-Number of floors 6 including ground floor area

-Building Coefficient 160%

-Building Height  24/ 20.40m

-Coverage Coefficient 50%

-450 sqm

-Planning Zone Area Κα3 Residential Development 

-Number of floors 4 including ground floor area

-Building Coefficient 140%

-Building Height 17/ 14.40m

-Coverage Coefficient 50%

The asking price is 3.500.000 Euro negotiable.