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21,938 SQM Residential Land
Geri, Nicosia

€2,300,000  ($2,621,142)

KeyCy

KeyCy

Reg. No: 1334 / License No: 409/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $91,740

Average Bank Rate (€2,300,000)
1 USD = 0.8478 EUR
$2,712,882

Mid-market rate (€2,300,000)
1 USD = 0.8775 EUR
$2,621,142

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 (ΚΑ9)

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

Coverage: 0.25

Density: 0.4

Height: 10 meters

Allowed stories: 2

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


Nearby planning zones

Commercial: 1.34 Km

Tourist: 26.8 Km

Industrial: 0.28 Km

Agricultural: 0.29 Km

Farm: 2.03 Km

Key features

  • Listing ID: 8890411 (2352121)
  • Plot: 21938 sqm

Description

LATSIA - GERI

This residential land in Latsia – Geri presents a clear opportunity for structured development within an approved building plan. It is even, buildable, and flat, offering straightforward site preparation and efficient project execution. The main road access enhances design flexibility and circulation planning. Infrastructure is already in place, including electricity, water supply, and a private water bore. Its eastern orientation supports natural light exposure across future developments.

The asset falls under pure housing zone regulations, making it well-suited for residential-led projects. With a building factor of 40% and coverage ratio of 25%, it allows balanced density and open space planning. A maximum building allowance of 8,775.2 sq.m. provides substantial development capacity. The permitted building height reaches up to 10 meters, supporting low-rise construction schemes.

- Located within a residential area with direct access to essential services
- Dual-sided frontage improving accessibility and layout efficiency
- Includes an existing 350 sq.m. building enclosure
- Suitable for commercial use, residential projects, or mixed-use concepts
- Applicable for investment, developer-led projects, or long-term land banking
- Appropriate for hotel development or hospitality-related use
- Can accommodate agricultural or trade-related activities if required
- Proximity to transportation links and main road connections
- Nearby amenities include parks, schools, kindergarten, and local markets
- Easy access to supermarkets, malls, and entertainment centers
- Positioned near university facilities and educational institutions
- Short driving distance to cafes, restaurants, and daily services
- Close to city center, enhancing long-term value and demand
- Flat topography reduces construction complexity and cost

This property combines practical zoning parameters with a strategic location. Its scale and infrastructure readiness support immediate planning and phased development. The surrounding area ensures consistent demand across residential and commercial segments. It stands as a solid option for developers seeking clarity, accessibility, and capacity.

A well-positioned sizeable plot with defined potential and room to build with purpose.

Feel free to contact us for any additional information or clarification!

For privacy reasons, the advertiser has not indicated the exact address.
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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
€88,600 ($100,971)
If buying on joint names
€85,200 ($97,096)

Disclaimer - Property reference 8890411. 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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