837m2 Land in Agia Varvara, Nicosia, Cyprus No. 62469

An excellent opportunity to acquire a residential plot of land in a developing residential area, offering attractive prospects for either private residential development or investment.

The property has an almost regular rectangular shape and benefits from direct access to a public road along its western boundary, with approximately 17.6 metres of road frontage.

The land is predominantly flat, with a slight elevation towards its southeastern section. A number of mature olive trees are present on the property, which sits at a slightly lower level than the adjoining public road.

The property is officially demarcated and is free from any pending issues or encumbrances.

Planning Zone – Κα8 Residential Zone

The property falls within the Κα8 residential planning zone, with the following development parameters:

Building Density: 60%
Coverage: 35%
Maximum Floors: 2
Maximum Building Height: 10 metres
Location & Investment Potential

The property is situated in a new and developing residential area of the village, where several residences have already been constructed, including a number of high-quality luxury homes. The surrounding area also includes additional residential land, providing potential for further development in the future.

It benefits from a very good road network and a convenient location within the village, with easy access to various services and amenities. The open character of the surrounding area, combined with ongoing residential development, gives the property good long-term prospects and development potential.

A private professional valuation has also been carried out, indicating a market value higher than the Land Registry valuation.

Ideal for the construction of a private residence or as a long-term residential investment.