€125,000
TITLE DEED
BUILDING PERMIT
Residential Plot with Completed Basement in Psimolofou, Nicosia
Nicosia, Psimolofou
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Overview
Reference 55405
Title Deed: Yes
Plot:532m²
Residential Plot with Completed Basement in Psimolofou, Nicosia. Ideally situated close to a range of amenities, including shops, supermarkets, schools, and other essential services, while offering easy access to the surrounding communities and main road network. The property is located approximately 530 metres southeast of the traditional core of Psimolofou, about 90 metres east of Macheras Avenue, and approximately 2.6 km northeast of the traditional core of Episkopio community.

The plot has a total area of 532 sq.m. and benefits from a road frontage. It includes a completed basement structure, originally designed for the development of two semi-detached houses (it is noted that permits may need to be reissued).

The basement, with an area of approximately 213 sq.m., has been completed and part of it has been converted into a one-bedroom apartment. Based on the existing plans, the property offers the potential for two four-bedroom semi-detached houses with basement, ground and first floor, as well as private outdoor areas. Each house is expected to have an internal area of approximately 147 sq.m. upon completion.

The property falls within the Residential Zone H3, with a building density of 60%, coverage of 35%, and permission for 2 floors (8.3 m) of construction.

The title deed is available.
Allowances
Zone Cover Factor Build Factor Max Height Max Floors
H3 0.35% 0.6% 8.3 m 2
Features
  • Connected to electric mains
  • Easy access to main roads
  • Investment opportunity
  • Near amenities
  • Near bus route
  • Quiet area
Distances
Amenities: 1.4 km
Airport: 38.3 km
Sea: 38 km
Public transport: 1.4 km
Schools: 1 km
Resort: 2 km
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