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This large corner plot is on the sought after commercial road of Makarios Avenue. The area is becoming very upgraded with Banks and office buildings, offering easy access to the highway and the beach road.The building can either be renovated or demolished, allowing new commercial office tower to be built (exempt from VAT).There are special allowances given today on the commercial road of Makarios which can allow extra building allowance.
180% building density, 50% coefficient.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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