Residential Plot, Kaimakli, Nicosia

The asset is residential plot of 527 m2 in Kaimakli, located c. 100m from Kaimakli Primary School and c. 150m from Papagiannis Supermarket. The plot has a square shape and a flat surface. The plot is surrounded by residential houses and few vacant plots. The street was part of Nicosias' Regeneration Program ended in 2015. The aim was to revitalize the traditional Kaimakli area, functional and aesthetic upgrading of the core area, motivating homeowners and attracting residents to the area. The street is now a one way road with sidewalks and street parking spaces. The asset falls under Κα4 zone, with 120% density, 50% coverage, up to 3 floors, 13,5m height with frontage c. 22 meters. There is an old house, backdated in 1955, in poor condition that needs to be demolished.
Perfect for new development!