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7,730 SQM Plot for sale in Geri, Nicosia

Geri, Nicosia, Cyprus
7,730 SQM Plot for sale in Geri, Nicosia 481 Geri
350000 €350,000  ($365,050)
7,730 SQM Plot
Geri, Nicosia

€350,000  ($365,050)

21 Property Finder

21 Property Finder

Reg. No: 1022 / Licensed No: 505/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $12,777

Average Bank Rate (€350,000)
1 USD = 0.9264 EUR
$377,827

Mid-market rate (€350,000)
1 USD = 0.9588 EUR
$365,050

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1622152 (151495)
  • Plot: 7730 sqm

Description

Plot with title deed, area 7,730 sqrm, in the area of Geri within Nicosia district. It is within close proximity to: Geri Ministry and Geri Ministry. The land characteristics are: within planning zone Ka 9, has a build coefficient of 40.000% with covered coefficient of 25.00%, maximum building permissible height 10.00 meters, and maximum number of floors 2. Τhe land area is 7,730 square meters. After getting relevant permits from the local authorities, you can build a building of total area 3,092 sqrm. The value of this investment comes to € 113 per square meter of covered area. Zone: Mainly residential area 5 minutes from: primary school, university, supermarket, childrens play area, Church. View: town. The type of road leading to the property is tarmac secondary road. The property has no VAT tax. This Plot has title deed ready. Based on the updated information about the subject property, we can assess its development potential in greater detail Property Details Size 7,730 m² Shape Irregular Surface Even Landlocked The property is landlocked, meaning it does not have direct access to a public road or infrastructure unless easements or access rights are granted. Planning Zones Planning Zone Κα9 Residential Use – 65% of the property Maximum Building Density Coefficient 40% – This means up to 40% of the total 65% of the land which is 5,029.5 m² can be developed. Coverage Ratio 25% – This limits the ground coverage of the buildings to 25% of the 65% zone, which equals 1,257.375 m². Height 10.00 meters, 2 floors maximum. The Κα9 zone allows for substantial residential development, with a relatively high building density 40% and the possibility of two floors 10m . This makes it suitable for creating residential units or subdividing into smaller plots for individual houses, especially considering the property is in an area with new houses, suggesting that demand for residential development could be strong. Planning Zone Δα3 Protection Zone – 35% of the property Maximum Building Density Coefficient 5% – This is a very low density, meaning only 5% of the 35% zone 2,705.5 m² can be developed. Coverage Ratio 5% – Similarly, only 5% of the land in this zone can be covered by buildings, which equals 135.275 m². Height 5.50 meters, 1 floor maximum. The Δα3 zone severely limits development due to its environmental or conservation-related restrictions. The very low building density and coverage ratio mean that only a small portion of this 35% zone can be built upon, and the single floor height restriction further limits construction. Development in this zone is likely to be minimal or restricted to smaller, low-impact structures such as small shelters or infrastructure . This portion will require careful consideration, especially if the land needs to be accessed or developed in some way. Landlocked Status Since the property is landlocked, it cannot be accessed directly from a public road unless access is obtained through easements or other legal arrangements with neighboring properties. This can significantly affect the property s development potential and might require legal procedures to resolve. The property may need to be evaluated for potential access or zoning modifications. Southern Boundary The southern boundary is higher than the adjacent fields, which could have implications for drainage, construction costs, and access. The elevation difference may require leveling or the construction of retaining walls, depending on the intended development. Κα9 Zone The largest portion 65% of the property is within the Κα9 Residential Use zone, which offers the most promising development prospects. With the ability to build up to 40% of this area 2,011.8 m² , the land is suitable for residential development, including single-family homes or even the subdivision of plots for multiple properties. The two-floor height limit 10 meters allows for modern residential buildings. Δα3 Zone The 35% of the property within the Δα3 Protection Zone offers very limited development opportunities. The building density and coverage restrictions make it unsuitable for large-scale residential development. However, if environmental or conservation considerations allow, it may be used for passive purposes such as green space, landscaping, or public utilities. Access and Topography The landlocked status of the property and its elevated southern boundary must be addressed for any development plans. Easements or access rights will need to be secured from neighboring landowners. The southern boundary s elevation may require grading or infrastructure investments. The subject property offers strong development potential, particularly in the Κα9 Residential Use zone, where it can be subdivided or developed for residential purposes. The Δα3 Protection Zone limits development to a small portion of the property, but this may still provide opportunities for low-impact structures or environmental use. The landlocked status and the elevation of the southern boundary need to be considered carefully in the development planning process

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.

Stamp Duties
If buying as an individual
€608 ($634)
If buying on joint names
€608 ($634)
Transfer fees
If buying as an individual
€10,600 ($11,056)
If buying on joint names
€7,200 ($7,510)

Disclaimer - Property reference 1622152. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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