Located in a sought-after area near Frederick University, this corner lot represents an excellent investment opportunity. Currently, there is a building with three spacious retail spaces on the site, as well as approved building permits for a building with four floors and an attic, which is ideal for creating modern apartments with 1, 2 and 3 bedrooms. Whether you're targeting families, couples, or students, this place offers the perfect combination of convenience and tranquility.
The property is located close to all key amenities, but in a quiet area that offers the best of both worlds.
VAT is not applied, which makes the investment even more attractive.
Details of the planning area:
Area: Ka3 Building density: 1.4 Coverage: 0.5 Maximum number of floors: 4 Maximum height: 17 m
Don't miss the rare opportunity to build in one of the best areas of Nicosia!
