Prime Residential Development Land Near Penhill Area, Nicosia

An exceptional opportunity to acquire residential development land in one of the fastest-growing areas on the outskirts of Nicosia, opposite the prestigious Penhill neighbourhood and adjacent to the football grounds of Latsia Lyceum.

The offering includes two newly divided residential plots, available together or separately, as well as an adjoining larger development field, presenting excellent potential for residential projects, private residences, or long-term investment.

The area benefits from completed road infrastructure, pavements, and easy access to schools, services, and the wider Nicosia metropolitan area.

Residential Plots (Plots No. 4 & 5)

Two newly divided residential plots situated opposite Penhill.

Plot Specifications (Each Plot)

📐 Plot Size: 543m²
📏 Frontage: Approximately 21m
🏗 Building Density: 80%
🏡 Coverage Ratio: 45%
🏢 Maximum Floors: 2
📏 Maximum Height: 10m

Key Features

✔ Newly divided plots
✔ Road and pavement works completed
✔ Excellent frontage of approximately 21 metres each
✔ Suitable for luxury residential development
✔ Opposite one of Nicosia’s most desirable residential areas
✔ Available together or separately
✔ Subject to VAT

💰 Indicative Value: €155,000 per plot

Adjacent Development Land

A larger residential field offering substantial future development potential.

Property Details

📐 Total Area: 1,904m²
🏗 Planning Zone: Κα7 (80%), Δα2 (18%), ΑΖ (2%)

Development Parameters

Κα7 Residential Zone

• Building Density: 80%
• Coverage: 45%
• Maximum Floors: 2
• Maximum Height: 10m

The property is predominantly located within a residential zone, making it suitable for future housing development and investment purposes.

Additional Development Land

📐 Total Area: 9,496m²
🏗 Planning Zone: Κα7 (99%), Δα2 (1%)

Development Parameters

Κα7 Residential Zone

• Building Density: 80%
• Coverage: 45%
• Maximum Floors: 2
• Maximum Height: 10m

This large land parcel presents an outstanding opportunity for developers seeking a sizeable residential project in a rapidly developing area with strong long-term appreciation prospects.

Investment Highlights

✔ Prime position opposite Penhill area
✔ Adjacent to educational and sports facilities
✔ Newly developed infrastructure
✔ Strong residential demand area
✔ Suitable for detached homes or residential projects
✔ Available as individual plots or larger development opportunity
✔ Excellent long-term capital growth potential

A rare opportunity to secure premium residential land in one of the most promising growth corridors of greater Nicosia.