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827 SQM Commercial Land
Pano Lakatamia, Nicosia

€370,000  ($422,443)

VAT Applicable not included in the price
Cyprus Properties

Cyprus Properties

Reg.num: 841 / Lic.num: 387/E

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Compared currency flag Pay in USD and save up to $14,786

Average Bank Rate (€370,000)
1 USD = 0.8462 EUR
$437,229

Mid-market rate (€370,000)
1 USD = 0.8759 EUR
$422,443

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.

Planning Zone

Commercial (ΕΒ4)

Description: Commercial And Other Central Functions Area (Ζωνη Εμπορικων Και Αλλων Κεντρικων Λειτουργειων)

Coverage: 0.5

Density: 1.4

Height: 17 meters

Allowed stories: 4

Development description: Local Plan Of Nicosia (Τοπικο Σχεδιο Λευκωσιας)


Nearby planning zones

Residential: 0.32 Km

Commercial: 0.33 Km

Tourist: 34.02 Km

Industrial: 2.43 Km

Agricultural: 1.15 Km

Farm: 3.18 Km

Key features

  • Listing ID: 8472998 (41074)
  • Plot: 827 sqm

Description

The property comprises two adjacent commercial fields, offered as a single unit, with a total land area of 827sq.m. It is ideally situated within Lakatameia Municipality, Agios Nikolaos parish in Nicosia District. Property Highlights: •Total Field Area: 827sq.m. (Comprising two adjacent fields offered as a single unit). •Access: Extensive 18m of road frontage along the high-traffic Archiepiskopou Makariou III Avenue. •Terrain: Regular shape with a flat surface, offering optimized building efficiency and immediate development readiness. Key Features: A strategic commercial asset ideal for a high-density retail hub or corporate offices. Its prominent avenue location ensures maximum brand exposure, while the flat topography significantly reduces initial site preparation costs. Location: Strategically positioned in the heart of Lakatameia's commercial corridor, surrounded by established businesses and residential clusters, ensuring high footfall and long-term value appreciation. Zone: The property falls within Commercial Zone Eβ4, allowing for a building density of 140%, coverage of 50%, and permission for 4 floors (17m) of construction. A past planning permit for one (1) shop and ten (10) apartments (valid 2009–2013) highlights the site’s commercial viability. This established project history provides a streamlined foundation for a prospective buyer to renew and finalize the development. There is a separate title deed for this property.

For privacy reasons, the advertiser has not indicated the exact address.
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