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Pay in USD and save up to $80,986Description: Commercial Development Zone (West)-Outside The Walls (Ζωνη Εμπορικης Αναπτυξης (Δυτικη)-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)
Residential: 0.38 Km
Tourist: 35.1 Km
Industrial: 4.13 Km
Agricultural: 4.89 Km
Farm: 10.61 Km
Commercial plot located in Trypiotis, within close proximity to Griva Digeni Avenue, offering excellent accessibility and visibility.
The plot features a flat and even surface and enjoys 16 metres of frontage along a public road.
An existing two-storey building is situated on the plot; however, it holds no commercial value, and demolition is recommended to achieve optimal development potential.
The property falls within the ΠΕΖ (Commercial Development Core) planning zone, allowing a building density of 250%. Permitted coverage is 70% from the ground floor up to the fourth floor and 60% for all additional floors.
Architectural plans for a 13-storey development can be provided upon request.
VAT not applicable.
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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