Residential Field in Geri, Nicosia
| Residential Land | DP-CY18050
Subject to VAT
Subject to VAT
Description
The property is a 33% share of a residential field in Geri, corresponding to approximately 1,756 sq.m. out of a total 5,268 sq.m., offering strong potential for development or investment. It benefits from dual access via two registered asphalt roads, with significant frontage on both sides, and features a level, rectangular shape that allows for efficient construction.
The land is ideal for residential development, whether for a housing project or a private estate, combining a peaceful suburban setting with close proximity to key areas. It is located within easy reach of the motorway and nearby community centers, ensuring both convenience and accessibility.
The property falls within Residential Zone Κα7, allowing a building density of 80%, coverage of 45%, and up to three floors of development. A distribution agreement is in place along with an active planning permit for plot division, further enhancing its investment appeal.