Residential Field - Latsia, Nicosia

Description

This expansive residential field of approximately 6,136 sq.m. is located in the rapidly developing area of Latsia, Nicosia District.
The property abuts a registered asphalt road along its eastern boundary with a frontage of approximately 6.5 meters, providing direct and convenient access for development.

📍 Prime Location
The field is ideally positioned approximately 850 meters from the Nicosia – Larnaca – Limassol highway, offering excellent connectivity to Nicosia city center and major intercity routes.

📐 Development Specifications
The property falls within Residential Zone Κα9, suitable for medium-density residential development:
• Building Density: 40%
• Coverage: 25%
• Maximum Floors: 2
• Maximum Height: 10m

💼 Investment Advantage
The property is held within a Special Purpose Vehicle (SPV). The acquisition of company shares results in no transfer fees and no VAT, making it an attractive investment opportunity for developers.

Reference: K46001AL