The property consists of two adjacent plots, one residential and one commercial, in Agios Antonios. It is located in a privileged location on the Makarios III Avenue of Nicosia, near the capital's commercial and administrative center. The plots have a total area of 1,201sqm. Within the plot with reg.no. 1/3076 there is a two-storey building used as a restaurant, currently vacant. The plot with reg.no. 1/3077 is also vacant. Plot with reg.no. 1/3076 adjoins Archbishop Makarios III Avenue, and in terms of urban planning it falls within the Category I Activity Axis (axis of primary importance) which allows residential and/or office and/or commercial development, and/or a combination. Based on the Nicosia local plan, the unification of the two plots provides incentives to increase the building coefficient. The property is ideally located in a vibrant area, undergoing extensive and significant redevelopment to be established as a new business hub with the development of the Nicosia City Center and the refurbishment of the new Landmark Hotel. It boasts a strategic position with convenient access to the main highway connecting Nicosia to Limassol and Larnaca, ensuring seamless connectivity. The location offers a wide range of diverse amenities and services, with key commercial avenues (John Kennedy Avenue, Makariou Avenue) and the Central Bank of Cyprus just around the corner, catering to all business and personal needs. The property is situated on a premium, elevated site, providing unobstructed views of both the Makariou Avenue and the historic center of Nicosia. It combines modern convenience with historic charm, making it an exceptional investment opportunity.