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Description: Intermediate Commercial Development Zones-Walled City (Ενδιαμεσες Ζωνες Εμπορικης Αναπτυξησ-Περιτειχισμενη Πολη)
Coverage: 0.7
Density: 1.6
Height: 11.5 meters
Allowed stories: 3
Development description: Nicosia Center Area Local Plan (Σχεδιο Περιοχης Κεντρου Λευκωσιας)
Residential: 0.32 Km
Tourist: 35.01 Km
Industrial: 3.18 Km
Agricultural: 5.02 Km
Farm: 10.73 Km
This asset consists of three adjoining parcels of land in Agios Savvas within the walls of Nicosia.
The asset is located c. 150m north of “OXI” roundabout and c. 175m northeast of D’avilla Bastion.
The asset totals 759sqm, has an irregular shape with a flat even surface and benefits from a road frontage of 10m along Trikoupi Street and 2m along Maria Constantinidou Street.
The surrounding area comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.
The asset has the potential to be covered by all utility services (water, electricity and telecommunication).
The asset falls within planning zone ΕΖ-ΕΝ with building density coefficient of 160%, coverage coefficient 70%, in 2/3 floors and a maximum height of 8/11,5m.
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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