€605,000 $630,139
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Pay in USD and save up to $22,055Planning Zone
Commercial (ΕΖ-Α)
Description: Commercial Development Zone (East)-Outside The Walls (Ζωνη Εμπορικης Αναπτυξης (Ανατολικη)-Εκτος Των Τειχων)
Coverage: 0.6
Density: 2
Height: 31 meters
Allowed stories: 8
Development description: Nicosia Center Area Local Plan (Σχεδιο Περιοχης Κεντρου Λευκωσιας)
Nearby planning zones
Residential: 0.33 Km
Tourist: 34.28 Km
Industrial: 2.21 Km
Agricultural: 6.17 Km
Farm: 10.3 Km
Key features
- Listing ID: 1620481 (10454)
- Plot: 633 sqm
Description
Commercial plot in a lively and central location in Panagia Quarter in Nicosia Municipality, at a distance of 200 meters (approx.) northwest of the “Athienitis” supermarket and 175 meters (approx.) north of Larnakos avenue. The property is ideally situated close to a plethora of amenities and services such as supermarkets, shops, schools etc. In addition, the property enjoys excellent accessibility to the Nicosia city center.
The plot has a rectangular shape and a level surface. It abuts onto registered avenue along its eastern boundary with a total frontage of 24 meters (approx.). Within the property there is a single-storey building that bares no economical value.
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.
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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