Large Mixed-Use Plot for Sale in Agios Andreas, Nicosia

Description

A large mixed-use plot of 1,236 sqm with exceptional planning characteristics for a commercial developemnt in the front half part of the plot with retail/commercial units on the ground floor and 6 floors of residential/office apartments on the upper floors and a residential development on the rear half of the plot up to 3 floors.

Located in the well-established and central area of Agios Andreas, close to Embassies, public services, offices, amenities and the city centre.

There is currently a two storey residence built on the front part of the plot which has traditional cypriot architectural characteristics of the 60's era, which could well be maintained and used as a residence with a large garden, for buyers who are seeking this type of traditional residences in the sought after area of Ayios Andreas.

📐 Plot Area: 1,236 sqm
Registered public road
Frontage: 24m, One-sided Road frontage
Plot Shape: Regular

Existing House:
Two-storey detached house (*requires extensive renovation).
Year Built: 1965
📏 Internal Area: Approx. 240 sqm
🌳 Large rear yard, offering privacy, outdoor living potential, or future expansion

The property benefits from a mixed-use planning zone, making it especially valuable for investors and developers.

Planning Zones:

Κα4 (50%) – Residential: Density: 120%, Coverage: 50%, Height: 13.5 m
Εβ3 (50%) – Commercial: Density: 160%, Coverage: 50%, Height: 24 m

💡 Ideal For

Buyers seeking a house with a large plot in a central location
Developers considering commercial, residential, or mixed-use redevelopment
Investors looking for land with strong future upside