Building Plot

Situated in the highly sought-after area of Egkomi, this 461 m² residential plot offers an excellent opportunity for redevelopment in one of Nicosia’s established and desirable areas.

The property currently includes an old semi-detached house, which requires demolition, allowing the new owner to make full use of the site and create a development tailored to their requirements, subject to the necessary planning and building approvals.

A particularly attractive feature is the plot’s strategic location between two universities, making it an interesting opportunity for investors considering the development of purpose-built student accommodation. There may also be government subsidy opportunities available for eligible student accommodation developments, subject to the applicable scheme, criteria and approvals.

Alternatively, the generous 461 m² site provides an excellent opportunity to develop a substantial private residence in a well-established residential neighbourhood.

Key Features:
- Plot size: 461 m²
- Location: Egkomi, Nicosia
- Existing property: Old semi-detached house requiring demolition
- Residential development potential
- Strategically positioned between two universities
- Potential opportunity for student accommodation development
- Potential eligibility for applicable student accommodation subsidies
- Established residential surroundings
- Close to shops, cafés, restaurants, schools and everyday amenities
- Excellent access to central Nicosia and major road networks

Whether you are looking to create a private dream home or explore a student accommodation investment, this property offers a strategically positioned development opportunity in Egkomi.

Contact MPA Property today to arrange a viewing and discover the development potential of this property.