An excellent residential development opportunity in the sought-after area of Geri, Nicosia, offering strong potential for developers and investors seeking a substantial apartment project.
The property has been the subject of a Preliminary Planning Inquiry (EA8) under Article 25 of the Town and Country Planning Laws, with preliminary views issued by EOA on 30 July 2026.
The proposed development is classified as residential and envisages a three (3) storey apartment building comprising more than nine (9) Apartments.
The development parameters provide for a building density of 120% and building coverage of 50%, with a maximum permitted height of 13.5 metres.
The proposed development may also be subject to a land deduction of approximately 15% of the gross plot area for the provision of public roads, green areas and other required public spaces, in accordance with the applicable planning requirements.
The property is subject to VAT.
Contact MPA Property to arrange a viewing.