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Building
Kakopetria, Nicosia

€450,000  ($518,470)

Fox Smart Estate Agency Nicosia

Fox Smart Estate Agency Nicosia

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/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 $18,146

Average Bank Rate (€450,000)
1 USD = 0.8386 EUR
$536,616

Mid-market rate (€450,000)
1 USD = 0.8679 EUR
$518,470

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.

Key features

  • Listing ID: 7751023 (46375)
  • Plot: 10734 sqm

Description

Location
• Nestled in the charming mountain village of Kakopetria, Nicosia, this unique property offers the perfect combination of tranquility and accessibility.
• It is located just 45 meters north of the Nicosia–Troodos connecting road, 3.15 km west of Spilia Community, and 2.7 km southeast of Kakopetria Community, ensuring excellent connectivity while maintaining a peaceful village atmosphere.
• The property boasts approximately 40 meters of frontage along a scenic riverfront, adding prestige and natural beauty.
External Features
• Set on a generous 10,734 sq.m. plot, the property provides ample outdoor space with versatile development potential.
• The restaurant benefits from covered outdoor dining areas and sanitary facilities, making it ideal for hosting guests in comfort while enjoying the picturesque surroundings.
• The two-storey residence sits harmoniously within this expansive plot, offering privacy and flexibility for a variety of uses.
Internal Characteristics
• The restaurant, built in 1966, features a welcoming dining area, a fully equipped kitchen, and storage facilities, ready for immediate operation or modernization.
• The residence, constructed in 1971, is designed for flexible living: the ground floor comprises two independent auxiliary rooms, while the upper floor includes a living room, kitchen, bathroom, and three bedrooms.
• Access to the upper level is via an external uncovered staircase, preserving the home’s traditional character.
Advantages & Special Features
• Expansive plot (10,734 sq.m.) offering unmatched development opportunities.
• Situated within a dual H5 planning zone, allowing a building coefficient of 30%, coverage of 20%, and permission for 2 floors (8.3 m).
• Final approval obtained, ensuring a smooth and secure purchase.
• Dual-purpose property combining residential and commercial potential—a rare find in the area.
• Prime location in a highly desirable mountain village, perfect for hospitality, agrotourism, or private retreat projects.
This is a rare opportunity to acquire a substantial and versatile property in Kakopetria, offering endless possibilities for residential, commercial, or investment purposes. Whether as a bustling restaurant, a family home, or a boutique retreat, this property provides a unique chance to embrace the beauty and potential of Cyprus’s mountains.

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
€14,600 ($16,821)
If buying on joint names
€11,200 ($12,904)

Disclaimer - Property reference 7751023. 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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