A Dream Location Packed with Potential 

This exceptional property, located in one of the most desirable areas near the Presidential Palace and the lush green zone of the Pedieos River, offers an outstanding investment opportunity. Walking distance to numerous amenities, including shops, schools, and public transport, this location is perfect for both residential and commercial ventures.

Set on a land area of 479 sqm, with an internal space of around 170 sqm, the property is currently in need of full renovation. It is not livable in its current state, but the solid structure provides an excellent foundation for a complete transformation. The generous land size, along with the potential for expansion, presents a rare opportunity to create a bespoke property tailored to your exact needs.

Key Details:

Land Area: 479 sqm
Internal Area: Approximately 170 sqm
Zoning: Πα9 (Historical Core Area, Continuous Building Zone)
Building Density: 120%
Coverage: 70%
Potential for Expansion: The large land size offers significant opportunities for extensions, allowing you to increase the living or usable space substantially.

The property is ideally situated in a prestigious area close to the Presidential Palace and the scenic Pedieos River, providing easy access to all city amenities. It represents a prime location with immense potential for both residential and commercial purposes. As a listed property, it benefits from specific advantages under the Department of Town Planning and Housing, which may include financial incentives for renovation and preservation projects.

To proceed with this exciting project, an architect will be essential to guide you through the renovation process and help you take full advantage of the benefits from the Department of Town Planning and Housing. For further information regarding the advantages of listed properties, you can visit the official government website.