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3,549 SQM Residential Plot for sale in Makedonitissa, Nicosia

Makedonitissa, Nicosia, Cyprus
3,549 SQM Residential Plot for sale in Makedonitissa, Nicosia 874 Makedonitissa
4500000 €4,500,000  ($4,748,353)
3,549 SQM Residential Plot
Makedonitissa, Nicosia

€4,500,000  ($4,748,353)

LifeRealty

LifeRealty

Reg. No: 1234 / Licensed No: 603/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $166,192

Average Bank Rate (€4,500,000)
1 USD = 0.9156 EUR
$4,914,545

Mid-market rate (€4,500,000)
1 USD = 0.9477 EUR
$4,748,353

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.

Planning Zone

Residential (ΚΑ6)

Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)

Coverage: 0.5

Density: 0.9

Height: 10 meters

Allowed stories: 2

Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)


Nearby planning zones

Residential: 0.99 Km

Commercial: 0.56 Km

Tourist: 37.02 Km

Industrial: 4.07 Km

Agricultural: 1.47 Km

Farm: 8.69 Km

Key features

  • Listing ID: 1501555 (1356)
  • Plot: 3549 sqm

Description

Presenting a commercial plot of 3549m² in the sought-after special zone of Egkomi area of Nicosia. Conveniently located near essential amenities, with great connectivity and 10 minutes from Nicosia city centre. Ideally situated close to Georgiou Griva Digeni Ave, Egkomi Town Hall and Hilton Nicosia Hotel, with cafes, restaurants, shops, and supermarkets close by. In addition, the "Mall of Egkomi", the University of Nicosia and the 28th of October Ave are nearby.

An application for a Planning Permit has been submitted for a six-floor commercial development totalling 8800m². It will include an underground level of 102 parking spaces, a ground-floor lobby and a business centre, a covered terrace floor, and five floors of offices as follows:
– Basement:2.590 m2
– Lobby+Business Center: 880m2
– Offices (5 floors): 4200m2
– Covered Veranda/Technical area: 1.184 m2

The plot now hosts a building which is rented at €11,000 per month to a stable tenant. This property is ideal for hosting the headquarters of a prestigious company or investors seeking to own a high-yield commercial development.

Contact us for detailed information.

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
€8,908 ($9,399)
If buying on joint names
€8,908 ($9,399)
Transfer fees
If buying as an individual
€176,600 ($186,346)
If buying on joint names
€173,200 ($182,759)

Disclaimer - Property reference 1501555. 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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