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Pay in USD and save up to $86,366For sale two excellent located adjacent commercial plots of land in one of the most sought-after commercial streets in Nicosia. Total size 1,057sq.m. The property is ideal for commercial use. It has a street-front of about 45 meters and it ideal for a development with shops and offices. The area is popular for accounting companies, doctors, lawyers, offshore companies, companies headquarters etc.Both plots fall within the Commercial Planning Zone EB2.
180% Building Density Coefficient50 % Building Coverage Coefficient8 Floors31m Height
There are Preliminary views from Nicosia Municipality regarding the size of the new project that can be built.
Due to the size of both plots ( 1,000sq.m) there is an extra 10% building density allowance.On the plot there are two old buildings that can be demolished.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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