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540 SQM Plot
Nicosia Municipality, Nicosia

€950,000  ($1,099,102)

21 Property Finder

21 Property Finder

Reg. No: 1022 / Licensed No: 505/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 $38,469

Average Bank Rate (€950,000)
1 USD = 0.8351 EUR
$1,137,571

Mid-market rate (€950,000)
1 USD = 0.8643 EUR
$1,099,102

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: 1322685 (148668)
  • Plot: 540 sqm

Description

Welcome to a remarkable opportunity nestled in a vibrant and thriving neighborhood. This exceptional plot of land spans an impressive area of 540 square meters, ideal for those with a vision for sophisticated and modern living. With a generous build coefficient of 140 percent and a covered coefficient of 50 percent, this property offers the perfect canvas to create an architectural masterpiece or a contemporary residential complex. Imagine the possibilities with the potential to construct a building reaching a maximum height of 17 meters and accommodating up to four floors. This prime location allows for a total built area of 756 square meters upon receiving the necessary permits from local authorities. The attractiveness of this investment shines through, offering a remarkable value situated at 992 euros per square meter of covered area. Set within a predominantly residential zone, this plot is a stone’s throw away from a variety of essential amenities that enrich daily life. A short walk will lead you to banks, pharmacies, hairdressers, corner shops, and bakeries, ensuring that your daily needs are met with ease and convenience. A mere five minutes away, you will find nurseries, primary and secondary schools, universities, supermarkets, children’s play areas, and places of worship, fostering a sense of community and accessibility. The property is accessed via a tarmac secondary road, ensuring easy connectivity while maintaining a serene environment for future residents. It’s a place where people can enjoy leisurely strolls in welcoming surroundings, making it perfect for families and professionals alike. Significantly, this plot comes with no VAT tax, allowing for smoother transactions and making it an even more attractive option for keen developers and investors. Coupled with the ready title deed status, this property promises a seamless acquisition process. For those in the market looking to develop in a central location with a reputation for commanding premium prices for residential properties, this land offers excellent potential. Positioned in an area that appeals to a wide array of residents including families, students and professionals, it stands to support a balanced lifestyle filled with convenience and cultural richness. If you are interested in exploring the exciting prospects this property has to offer, we invite you to connect with us for a personal viewing. Embrace the chance to turn your aspirations into reality in a thriving community that caters to all your lifestyle needs.

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
€34,600 ($40,030)
If buying on joint names
€31,200 ($36,097)

Disclaimer - Property reference 1322685. 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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