€6,300,000 $6,570,898
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Pay in USD and save up to $229,981Planning Zone
Residential (ΚΑ5)
Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 1
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)
Nearby planning zones
Commercial: 0.46 Km
Tourist: 32.01 Km
Industrial: 1.11 Km
Agricultural: 2.28 Km
Farm: 7.28 Km
Key features
- Listing ID: 839656 (5470)
- Plot: 231920 sqm
Description
The property is a residential field, part of a large mixed-use land in Strovolos. The residential field has an area of 12,820sqm and constitutes 5.8% of the whole asset. It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters. It is situated just a few meters away from the Electricity Authority Headquarters and 150m from Hellenic Bank's Headquarters.
The asset has a frontage of 390m on three public roads/avenues. The asset provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away offering access to all amenities and services. The asset has recently acquired a division planning permit for 15 plots.
The wider area of the asset is commercial and residential neighbouring some of the most well-known institutional headquarters.
There is a distribution agreement in place between the co-owners. A permit for land division/ road construction has been issued for the property.
The property is owned by Sailoma Properties Ltd , an SPV, wholly owned by Gordian Holdings Ltd.
Buying expenses
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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