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Pay in USD and save up to $45,271This
exceptional property is located within Commercial Zone Eβ3, offering
outstanding potential for a variety of commercial or mixed-use developments.
The zoning allows a maximum building Density of 160% and a coverage of 70%, with a construction permitted of up to
six floors. With a road frontage of 90 meters.These development
parameters provide excellent flexibility for creating modern retail spaces,
office buildings, or mixed-use projects. Situated in a prime commercial area,
the property presents an ideal opportunity for investors and developers seeking
to capitalize on its high development potential and strategic location.VAT Information
The acquisition
structure offers flexibility depending on the buyer’s preferences. If the
purchase is completed through the acquisition of the (holding company) that
owns the property, the transaction is not subject to VAT, as share transfers
are VAT-exempt also no stamp duty will apply at the Land registry. For a viewing and further details please feel free to contact our agent.
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.
Disclaimer - Property reference 7750851. 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.
