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632 SQM Commercial Plot for sale in Nicosia Municipality, Nicosia

Nicosia Municipality, Nicosia, Cyprus
632 SQM Commercial Plot for sale in Nicosia Municipality, Nicosia 2487 Nicosia Municipality
980000 €980,000  ($1,094,807)
632 SQM Commercial Plot
Nicosia Municipality, Nicosia

€980,000  ($1,094,807)

VAT Applicable not included in the price
Arazo Real Estate

Arazo Real Estate

Reg.No: 851 / Licensed No: 434/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 $38,318

Average Bank Rate (€980,000)
1 USD = 0.8649 EUR
$1,133,125

Mid-market rate (€980,000)
1 USD = 0.8951 EUR
$1,094,807

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

Commercial (ΕΖ-Κ)

Description: Commercial Development Zone (Centre) - Outside The Walls (Ζωνη Εμπορικης Αναπτυξης(Κεντρου)-Εκτος Των Τειχων)

Coverage: 0.6

Density: 2

Height: 24 meters

Allowed stories: 6

Development description: Nicosia Center Area Local Plan (Σχεδιο Περιοχης Κεντρου Λευκωσιας)


Nearby planning zones

Residential: 0.17 Km

Tourist: 34.44 Km

Industrial: 3.17 Km

Agricultural: 5.46 Km

Farm: 10.11 Km

Key features

  • Listing ID: 1007006 (6586)
  • Plot: 632 sqm

Description

Commercial plot in a unique location, in Tripiotis Quarter, in Nicosia District. It is adjacent to registered street. The area is characterized by its plethora of services and facilities.

It has a rectangular shape, an even surface and a road frontage of approximately 25 meters. Given the lack of vacant plots in the area, it is an attractive investment opportunity.

With the right building design, the plot could be utilized and developed with a multi-storey building of mixed, commercial or residential use.

It is noted that the plot falls within the commercial zone EZ-κ which allows the construction of a six-storey building. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.

Disclaimer - Property reference 1007006. 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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