Commercial Plot 539 m²
- Reference number: 30779
- Land type: Plot
- Plot area: 539 m²
- Plot Type: Commercial
- Square meter price: €965 /m²
An exceptional opportunity to acquire a prime corner commercial development plot located in the highly strategic area of Agios Pavlos, Nicosia, just moments from the Nicosia Racecourse and within close proximity to Engomi’s thriving commercial and academic hub.
The property benefits from EB4 planning zone parameters, offering excellent development potential for investors and developers seeking a mixed-use or commercial project in a well-established urban environment.
Added Investment Advantage – Government Housing Grant
The property is located within a designated area eligible under the Ministry of Interior Housing Scheme for the Revitalisation of Mountainous, Buffer Zone and Disadvantaged Areas.
Purchasers of residential units developed on this plot qualify for government financial assistance of up to €60,000, subject to approval criteria.
This state-backed incentive significantly enhances end-buyer affordability, increases demand for residential units, and provides developers with a strong competitive and sales advantage.
With a plot area of 539 m², building density of 140%, and coverage of 50%, the asset allows for a substantial development with up to 4 floors (approx. 17 m height), making it ideal for:
Mixed-use developments (commercial ground floor with residential or office units above)
Modern office building
Retail and service-oriented projects
Investment-driven residential schemes targeting students and professionals.
The corner positioning provides enhanced visibility, accessibility, and design flexibility, particularly advantageous for commercial exposure along a main road frontage.
📍 Prime Location Benefits
Near the Nicosia Racecourse and key arterial roads
Short distance to Engomi commercial district
Close to major universities including European University Cyprus and surrounding academic institutions, creating strong rental demand
Easy access to embassies, business centres, and central Nicosia
Surrounded by established residential neighbourhoods and everyday amenities.
This is a rare opportunity to secure a strategically located plot combining high development density, corner visibility, and proximity to universities — ideal for developers targeting strong rental yields and long-term capital appreciation.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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