Description
The property is a large rectangular plot covering an area of 2471sqm in Agios Vasilios area in Strovolos Municipality, Nicosia district.
The property is covered by water supply, electricity and telecommunication services. The northeast boundary of the asset is adjacent to the commercial planning zone Εβ5.
The immediate area consists of middle class residential units and apartment blocks, as well as many commercial developments along Kantaras street and Tseriou Avenue. The asset offers great accessibility towards the Nicosia city centre and other neighbouring areas. The nearby area has experienced an increased development activity in the past years and is considered as well developed.
The asset falls within the Residential Planning Zone Κα5, with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and 13.5 metres height.
