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1,090 SQM Commercial Plot
Lykavitos, Nicosia

€1,100,000  ($1,277,647)

Bank Owned Property
STARMAX

STARMAX

Reg. No: 1267 / Licensed No: 514/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 $44,718

Average Bank Rate (€1,100,000)
1 USD = 0.8318 EUR
$1,322,364

Mid-market rate (€1,100,000)
1 USD = 0.8610 EUR
$1,277,647

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

Commercial (ΕΖ-Α)

Description: Commercial Development Zone (East)-Outside The Walls (Ζωνη Εμπορικης Αναπτυξης (Ανατολικη)-Εκτος Των Τειχων)

Coverage: 0.6

Density: 2

Height: 31 meters

Allowed stories: 8

Development description: Nicosia Center Area Local Plan (Σχεδιο Περιοχης Κεντρου Λευκωσιας)


Nearby planning zones

Residential: 0.18 Km

Tourist: 34.19 Km

Industrial: 2.57 Km

Agricultural: 6.01 Km

Farm: 10.1 Km

Key features

  • Listing ID: 8399067 (30884)
  • Plot: 1090 sqm

Description

High-Yield Commercial Development Opportunity – Εβ2 Zone (100%)An outstanding opportunity to acquire a 1,090 sqm commercial plot designed for maximum return and long-term value.With a building density of 180% and 50% coverage, the plot allows for approximately 1,962 sqm of buildable area, offering strong development efficiency and profitability.The property benefits from 24 meters of road frontage, providing excellent visibility, accessibility, and frontage appeal—ideal for premium commercial use.Development Potential:Up to 8 floors (with potential for additional height subject to planning incentives)Ideal for office headquarters, mixed-use schemes, retail exposure, commercial service offices.Strong flexibility to adapt to market demandInvestment Highlights:High-density zoning → maximized ROI per sqmWide frontage → enhanced commercial value & tenant appealScalable development → opportunity to increase via incentivesSuitable for immediate or phased developmentThis is a rare chance to secure a high-performance asset with the fundamentals investors look for: scale, visibility, and upside potential.Serious investors and developers feel free to contact our office for further details.

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
€40,600 ($47,157)
If buying on joint names
€37,200 ($43,208)

Disclaimer - Property reference 8399067. 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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