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Address Estate Agents
772 SQM Commercial Plot
Nicosia Municipality, Nicosia

€840,000  ($974,973)

SOLD IN 1 DAY
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!

Planning Zone

Commercial (ΕΒ2)

Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)

Coverage: 0.5

Density: 1.8

Height: 31 meters

Allowed stories: 8

Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)


Nearby planning zones

Residential: 0.62 Km

Tourist: 33.59 Km

Industrial: 1.82 Km

Agricultural: 5.47 Km

Farm: 9.62 Km

Key features

  • Listing ID: 1828960
  • Plot: 772 sqm
  • Close to amenities
  • Title deeds available
  • Walking distance to bus service
  • Corner field
  • No Additional VAT

Description

Investment Opportunity in Central Nicosia
Two residential plots with a total area of 772 sqm (363 sqm and 409 sqm) are available for sale in the Panagia area, within Nicosia Municipality. The plots are adjacent, have a regular shape, and are attached to a registered road. There are two older bungalows on the plots, one on each, which require demolition. The entire land falls within Planning Zone Εβ2 (Commercial), offering a building density of 180%, a coverage ratio of 50%, and allowing for construction up to 8 floors with a maximum height of 31 meters. Each plot has its own separate house title deed, meaning there is no VAT added to the selling price. This is a rare investment opportunity in a central location of Nicosia that should not be missed!

Επενδυτικη Ευκαιρια στο Κεντρο της Λευκωσιας
Δυο οικιστικα οικοπεδα συνολικης εκτασης 772 τ.μ. (363 τ.μ. και 409 τ.μ.) πωλουνται στην περιοχη Παναγια, εντος των οριων του Δημου Λευκωσιας. Τα οικοπεδα ειναι συνεχομενα, εχουν κανονικο σχημα και εφαπτονται σε εγγεγραμμενο δρομο. Σε καθε οικοπεδο υπαρχει απο ενα παλαιοτερο ισογειο σπιτι, τα οποια χρειαζονται κατεδαφιση. Ολοκληρη η εκταση εμπιπτει στην Πολεοδομικη Ζωνη Εβ2 (Εμπορικη), με δυνατοτητα δομησης 180%, καλυψη 50%, μεχρι 8 οροφους και μεγιστο επιτρεπομενο υψος τα 31 μετρα.
Καθε οικοπεδο διαθετει ξεχωριστο τιτλο ιδιοκτησιας με οικια, επομενως δεν υπαρχει επιπλεον Φ.Π.Α. στην τιμη πωλησης. Προκειται για μια εξαιρετικη επενδυτικη ευκαιρια σε κεντρικο σημειο της Λευκωσιας που δεν πρεπει να χαθει!

Plot Number 637 is 363 m2
Plot Number 638 is 409 m2
Planning Zone: Εβ2
Building Factor: 180%
Cover Factor: 50%
Height: 31 meters
Floors: 8

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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
€30,200 ($35,053)
If buying on joint names
€26,800 ($31,106)

Disclaimer - Property reference 1828960. 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.