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633 SQM Commercial Plot for sale in Pallouriotissa, Nicosia

Pallouriotissa, Nicosia, Cyprus
633 SQM Commercial Plot for sale in Pallouriotissa, Nicosia 301 Pallouriotissa
Offers in the region of
620000 €620,000  ($669,474)
633 SQM Commercial Plot
Pallouriotissa, Nicosia
Offers in the region of

€620,000  ($669,474)

Bank Owned Property
ALTAMIRA ASSET MANAGEMENT CYPRUS LIMITED

ALTAMIRA ASSET MANAGEMENT CYPRUS LIMITED

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $23,432

Average Bank Rate (€620,000)
1 USD = 0.8948 EUR
$692,906

Mid-market rate (€620,000)
1 USD = 0.9261 EUR
$669,474

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning 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: 34.29 Km

Industrial: 2.21 Km

Agricultural: 6.18 Km

Farm: 10.31 Km

Key features

  • Listing ID: 910589 (123603)
  • 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 Markou Drakou 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. THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). - - - - - - - - - - - The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.  - - - - - - - - - - - - - District: Nicosia Municipality: Nicosia Municipality Quarter: Panagia

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Disclaimer - Property reference 910589. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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