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Description: Axis Of Commercial Activity (Αξονας Εμπορικης Δραστηριοτητας)
Coverage: 0.5
Density: 0.9
Height: 8.3 meters
Allowed stories: 2
Development description: Policy Statement (Excluding Zone 3) (Δηλωση Πολιτικης (Χωρ. Περιοχη 3))
Tourist: 30.89 Km
Industrial: 2.42 Km
Agricultural: 2.27 Km
Farm: 2.97 Km
Available for sale is the 2/5 undivided share of commercial field in Kokkinotrimithia Community, in Nicosia District. It is located approximately 770 meters southwest of the 2nd Elementary School of Kokkinotrimithia and approximately 1,250 meters south of the Nicosia-Troodos highway. The property it is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. Available for sale is the 2/5 undivided share of commercial field in Kokkinotrimithia Community, in Nicosia District. It is located approximately 770 meters southwest of the 2nd Elementary School of Kokkinotrimithia and approximately 1,250 meters south of the Nicosia-Troodos highway. The property it is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. The parcel has a regular shape, a flat surface and abuts a registered road along its northern border, with a frontage of approximately 45 meters. It abuts a government land along its western border. Within the parcel, structures were erected around 2006, one of them is a metal structure consisting of an open plan that was used as a car wash. At the eastern end of the parcel, there is a building that was used as an office for the car wash. The total area of the covered spaces of the metal building is 265 sq.m. (approx.) and the office of approx. 36 sq.m. (appox.). The property is occupied. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).
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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