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Pay in USD and save up to $94,080Planning Zone
Residential (Η5)
Description: Residence (Κατοικια)
Coverage: 0.2
Density: 0.3
Height: 8.3 meters
Allowed stories: 2
Development description: Policy Statement (Excluding Area 9) (Δηλωση Πολιτικης (Χωρ. Περιοχη 9))
Nearby planning zones
Commercial: 0.26 Km
Tourist: 34.72 Km
Industrial: 2.96 Km
Agricultural: 6.03 Km
Farm: 10.5 Km
Key features
- Listing ID: 1578615 (7463)
- Plot: 1829 sqm
Description
A parcel of land with a total area of 1.829 sqm, located in Ayios Antonios quarter in Nicosia.
The property, as a plot, has a rectangular shape with an extensive frontage to the street of 67 metres. Its surface is flat and even.
It is noted that currently, on the site, there is a building with no economic value that will be demolished.
The property falls within the commercial pplanning zone EA3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height.
The immediate area of the property consists of a mixture of residential and commercial developments such as buildings consisting of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas.
Given its large area, excellent location and easy access, is suitable for commercial /residential development, benefiting from high volumes of traffic. Another advantage of the asset, as a building plot, may benefit from increased building density by taking advantage of various government incentives.
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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