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Pay in USD and save up to $24,448Description: 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)
Residential: 0.33 Km
Tourist: 34.29 Km
Industrial: 2.21 Km
Agricultural: 6.18 Km
Farm: 10.31 Km
633 m2 Commercial plot in a central location in Panagia Quarter in Nicosia Municipality, at a very short distance of the “Athienitis” supermarket and Larnakos Avenue.
It is ideally situated close to a plethora of amenities and services such as supermarkets, shops, schools etc. In addition, the property enjoys excellent accessibility to the Nicosia city centre.
The plot has a rectangular shape and a level surface with a total frontage of 24 meters.
It is noted that the plot falls within the commercial zone EZ-α which allows the construction of an eight-storey building.
In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.
Zone: EΖ-α
Area: 633 m2
Building coefficient: 200%
Coverage: 60%
Floors: 8
Height: 30 m
Frontage: 24 m
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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