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Property description
Prime Plot for Sale in Nicosia's Most Vibrant and Upcoming Residential Area:Discover the unparalleled opportunity to own a prime piece of real estate in the heart of Nicosia! Located at the serene end of Kyriakou Matsi Street, this 523 sqm plot is perfectly situated in a quiet, tree-lined area just steps away from the Presidential Palace, prestigious international schools, and all essential amenities.
*Endless Possibilities for Development:
This plot boasts a charming 380 sqm residence that offers limitless potential. Renovate the existing structure into a luxurious private home, or take advantage of its exceptional zoning and permits to develop modern residential apartments tailored to Nicosia's growing community of vibrant young professionals. With 160% building density and the rare privilege of six floors high (thanks to an approved Transfer of Development Rights from an old city property), this plot allows for a maximum development size of 826 sqm—ideal for innovative urban living spaces.
*A Boulevard Transformed:
Kyriacos Matsi Street has recently undergone a remarkable transformation into a picturesque boulevard. Enjoy wide sidewalks, modern light poles, underground electric cables, and an array of wooden benches that invite relaxation and community engagement. This beautifully planned street embodies the future of Nicosia's prime residential neighborhoods, offering the perfect blend of tranquility and urban convenience.
*Strategic Location, Unmatched Appeal:
This property is strategically positioned for easy access to Nicosia's commercial core, making it an ideal investment for both residents and developers. Surrounded by modern urban planning and a thriving community, it offers a peaceful escape without compromising connectivity.
*Why This Plot?
Rare permit for increased build density and extra floors
Exceptional location near international schools and the Presidential Palace
A revitalized street reflecting the future of prime Nicosia living
Ideal for luxurious private living or modern apartment development
This is an opportunity to secure a plot with exceptional potential in Nicosia's most desirable up-and-coming area. Whether you're a developer or looking to create your dream home, this property offers the canvas for endless possibilities.
Contact us today to schedule a viewing and take the first step toward transforming this unique property into a thriving urban masterpiece!
Location:
Coordinates
Property area: 390 m2
Type: Detached house
Parking: Covered
Condition: Under construction
Plot area: 523 m2
Furnishing: Unfurnished
Included: Garden, Storage room
Postal code: 1025
Construction year: Older
Online viewing: Yes
Air conditioning: No
Energy Efficiency: A
Bedrooms: 5
Square meter price: €1.538 /m2
Bathrooms: 3: