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This expansive residential field offers a significant development footprint of approximately 6,136 sq.m. in the high-growth Latsia Municipality of Nicosia. Perfectly positioned for development, the property offers easy access via a registered asphalt road along its eastern boundary, featuring a 6.5m frontage.
The property is perfectly situated for modern living, located just 850m from the Nicosia–Larnaca–Limassol highway. This provides unparalleled access to the capital’s city center and the island’s primary coastal routes. The field features a 6.5m frontage onto a registered asphalt road along its eastern boundary, ensuring immediate access for development.
Development Specifications
Falling within the Residential Zone Κα9, the land is ideal for a medium-density project:
• Building Coefficient: 40%
• Coverage: 25%
• Construction Height: 2 Floors (10m)
The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT applying to the transaction.
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.
Disclaimer - Property reference 8312027. 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.
