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5,630 SQM Land
Latsia, Nicosia
Offers in excess of

€2,200,000  ($2,553,502)

SOLD
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 1578354 (129769)
  • Plot: 5630 sqm

Description

Commercial field in a popular location in Agios Georgios Quarter, Latsia Municipality, Nicosia District. It abuts Latsia High School on the east boundary and Lidl Supermarket along its northern boundary.The property is ideally situated close to many amenities and services such as supermarkets, schools, shops, restaurants, etc. In addition, it enjoys good access to the motorway.The field has an irregular shape and an even surface. It abuts a registered asphalt road (Giannou Kranidioti Avenue) along its west boundary with a total frontage of 85 meters.  It is noted that the property is subjected to compulsory acquisition on its western part and is adjacent to goverment land onto its northern boundary. The field area is about 5,360sq.m. and falls within the Εβ4 commercial zone which proposes the development of a two-story building with a building factor of 140%. It is considered an ideal choice for a land developer. Tenders submitted for an Amount below the Reserve Price shall be rejected.

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€84,600 ($98,194)
If buying on joint names
€81,200 ($94,247)

Disclaimer - Property reference 1578354. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.