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Pay in USD and save up to $24,764Commercial plot in a central location in Panagia quarter in Nicosia, at a distance of approximately 200 meters northwest of the “Athienitis” supermarket and 175 meters north of Larnakos avenue.
The plot has a rectangular shape and a level surface. It abuts onto an avenue along its eastern boundary with a total frontage of approximately 24 meters. Within the property there is a single-storey building that bares no economical value.
The property is located close to a plethora of services and amenities and it offers an excellent access to the city centre.
It is noted that the plot falls within the commercial zone EZ-α which allows the construction of an eight-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.
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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