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The property is a land parcel located in the Agios Savvas area, within the walled area of Nicosia.
The asset is located c. 150m northwest of the ‘OXI’ roundabout, c. 85m north of D’avilla Bastion and the Nicosia city hall.
The property has an area of 309sqm and benefits from c. 18m road frontages along Aeschylus Street. The land has an irregular shape and a flat even surface.
The immediate area comprises of old and restored houses and buildings with stores on the ground floor and offices / apartments on the upper floors. The asset benefits from good accessibility to other areas of the Municipality.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within the planning zone EZ-ENTOΣ with 160% building density, 70% coverage, 2/3 floors and a maximum height of 8/11.5m.
The asset is listed as an ancient monument category B.
THE PRICE IS SUBJECT TO VAT.
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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