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231,920 SQM Residential Land
Dasoupoli, Nicosia

€6,300,000  ($7,306,652)

Bank Owned Property

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Compared currency flag Pay in USD and save up to $255,733

Average Bank Rate (€6,300,000)
1 USD = 0.8331 EUR
$7,562,385

Mid-market rate (€6,300,000)
1 USD = 0.8622 EUR
$7,306,652

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Residential (ΚΑ5)

Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)

Coverage: 0.5

Density: 1

Height: 13.5 meters

Allowed stories: 3

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


Nearby planning zones

Commercial: 0.46 Km

Tourist: 32.01 Km

Industrial: 1.11 Km

Agricultural: 2.28 Km

Farm: 7.28 Km

Key features

  • Listing ID: 839656 (5470)
  • Plot: 231920 sqm

Description

The property is a shared (5.79%) of field/estate, part of a large mixed-use land in Strovolos. The field has a total land area of 231,920sqm and Gordian's share corresponds approximately to 13,416,97 sqm.

It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters. It is situated just a few meters away from the Electricity Authority Headquarters and 150m from Hellenic Bank's Headquarters.

It has frontage of about 390m on three public roads/avenues. Provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou and Athalassas Avenues are just 5 mins away, offering access to all amenities and services.

There is a building permit (subdivision/road construction permit) for the division of the estate into 15 plots. Upon the completion of the division, Gordian will own plot no. 1 with a land area of approximately 12,820 sqm. The property can benefit from the special incentives for developments allowed by Nicosia local plan.

There is a distribution agreement in place between the co-owners. This is a unique opportunity for both residential and mixed-use development.

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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
€248,600 ($288,323)
If buying on joint names
€245,200 ($284,380)

Disclaimer - Property reference 839656. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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