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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)
Residential: 0.43 Km
Tourist: 34.27 Km
Industrial: 2.35 Km
Agricultural: 6.13 Km
Farm: 10.25 Km
The asset is an old single-storey house in Panagia, Nicosia. The house is adjacent to Ioanninon Street, c. 35m northwest of Larnacos and Griva Digeni Avenues junction, and c. 350m east of Salaminos Avenue. The house has an area of 105 sqm and is considered obsolete with no economic value. The plot has an area of 520 sqm and benefits from a c. 23m road frontage. The immediate area of the asset comprises residential and commercial developments that enjoy easy access to the Nicosia city center.
The asset falls within planning zone EZ-α, with a building density coefficient of 200%, a coverage coefficient of 60%, 8 floors, and a maximum height of 31m.
Title Deed Reg. No.: 2/274
Vat not Applicable
Type: House
Year of Completion: 1935
Vat: Vat not Applicable
Title deed: Yes
ΠΡΑΓΜΑΤΙΚΗ ΧΡΗΣΗ ΓΗΣ: ΟΙΚΟΠΕΔΟ
ΕΙΔΟΣ ΑΚΙΝΗΤΟΥ: ΓΗ
ΕΙΔΟΣ ΠΡΟΣΒΑΣΗΣ: ΕΓΓΕΓΡΑΜΜΕΝΟΣ ΔΡΟΜΟΣ
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.
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