Prime Residential Plot with Existing House – Ideal for Redevelopment | Kaimakli, Nicosia
Located in a quiet residential area of Kaimakli, Nicosia, this property offers a unique opportunity for redevelopment in a highly accessible and well-established neighborhood. The property occupies a large plot of 604sq.m. with a regular rectangular shape and flat surface, enjoying approximately 19 meters of frontage onto a registered asphalt road. It provides excellent access to the Nicosia city centre and surrounding areas, while being close to key amenities such as schools, shops, and churches. An older single-storey house of approximately 90sq.m. currently stands on the property, estimated to be around 55 years old. However, the value of the property lies primarily in the land potential, as the existing structure does not correspond to the highest and best use of the site. The plot falls within a residential planning zone with a high building density of 120%, offering significant development prospects for modern residential units or a small apartment building.
Key Highlights: Plot size: 604sq.m. | Frontage: approx. 19m on registered asphalt road | Zone: Residential (120% building coefficient) | Shape: Regular and rectangular | Existing structure: Old 90sq.m. ground floor house | Excellent location with easy access to city centre and major routes | Ideal for developers or investors seeking a prime residential redevelopment opportunity.