1,829 SQM Commercial Plot for sale in Pallouriotissa, Nicosia

The “5 thematic offer schemes” relate to promotional reduced prices on certain assets. Offerors will need to execute a relevant agreement within 15 working days with 25% down payment and with conclusion of the asset sale within 21 working days from signing date. The prices are firm and final and only offers at these fixed levels will be accepted. Asking Price: €3.335.000 - Promotion Price: €2.585.000 A parcel of land with a total area of 1.829 sqm, located in Ayios Antonios quarter in Nicosia. It is adjacent to Meletiou Metaxaki Street on its western boundary, at a distance of few meters north of Digeni Akrita Avenue, and 170 meters north-east of the Digeni Aktrita-Kallipoleos Junction. 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 Εα3 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.  The asset is currently leased. Owner: Nolory Properties Ltd Reg. No. : 24/1067 All urban features must be checked with the proper authorities. The Bank has the right to review selling prices without any prior notice.