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3902 SQM Plot for sale in Strovolos, Nicosia

Strovolos, Nicosia, Cyprus
3902 SQM Plot for sale in Strovolos, Nicosia 2600 Strovolos
Offers in the region of
3811000 €3,811,000  ($4,088,990)
3902 SQM Plot
Strovolos, Nicosia
Offers in the region of

€3,811,000  ($4,088,990)

SOLD
Bank Owned Property

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In high demand!
Compared currency flag Pay in USD and save up to $143,115

Average Bank Rate (€3,811,000)
1 USD = 0.9005 EUR
$4,232,105

Mid-market rate (€3,811,000)
1 USD = 0.9320 EUR
$4,088,990

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.

Key features

  • Listing ID: 830117 (5207)
  • Plot: 3902 sqm
  • Zone

Description

This asset comprises of two well located plots totalling 3.902 sqm and is located on Strovolou Avenue in the heart of Strovolos, Nicosia.

The plots are available for sale individually or together. The larger plot totals 3.112 sqm with a frontage of 30m along Strovolou Avenue and 50m along Kronou Street. The other plot totals 790 sqm with a frontage of 22m along Strovolou Avenue.

Both plots benefit from a flat even surface and are located circa 100m from Pepsi Cola premises, 430m southeast of the Pediaios River and 950m northeast of the METRO roundabout. 

The immediate area comprises mixed use developments. Along Strovolou Avenue there are many commercial developments (showrooms and offices), whereas the secondary streets comprise residential developments (detached/semi-detached houses and residential units). The wider area is comprised of residential units and other multi-storey developments.

Due to the location, the plots under some circumstances can benefit from Planning incentives provided by the Ministerial Council in regards to the attraction and encouragement of projects for the construction industry.

The plots are served by utilities including water, electricity and telecommunications.

1.522 sqm of plot 0/13411 and 764 sqm of plot 0/13413 is zoned as Εβ3 (Commercial) with 160% building density, 50% coverage, 6 floors and a maximum height of 24m.

1.590 sqm of plot 0/13411 and 26 sqm of plot 0/13413 is zoned as Κα5 (residential) with 100% building density, 50% coverage, 3 floors and a maximum height of 13,5m. 

Asset with Reg. No. 0/13411 is owned by Unital Properties Ltd

Asset with Reg. No. 0/13413 is subject to vat.

, 0/13413

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

This asset comprises of two well located plots totalling 3.902 sqm and is located on Strovolou Avenue in the heart of Strovolos, Nicosia.

The plots are available for sale individually or together. The larger plot totals 3.112 sqm with a frontage of 30m along Strovolou Avenue and 50m along Kronou Street. The other plot totals 790 sqm with a frontage of 22m along Strovolou Avenue.

Both plots benefit from a flat even surface and are located circa 100m from Pepsi Cola premises, 430m southeast of the Pediaios River and 950m northeast of the METRO roundabout. 

The immediate area comprises mixed use developments. Along Strovolou Avenue there are many commercial developments (showrooms and offices), whereas the secondary streets comprise residential developments (detached/semi-detached houses and residential units). The wider area is comprised of residential units and other multi-storey developments.

Due to the location, the plots under some circumstances can benefit from Planning incentives provided by the Ministerial Council in regards to the attraction and encouragement of projects for the construction industry.

The plots are served by utilities including water, electricity and telecommunications.

1.522 sqm of plot 0/13411 and 764 sqm of plot 0/13413 is zoned as Εβ3 (Commercial) with 160% building density, 50% coverage, 6 floors and a maximum height of 24m.

1.590 sqm of plot 0/13411 and 26 sqm of plot 0/13413 is zoned as Κα5 (residential) with 100% building density, 50% coverage, 3 floors and a maximum height of 13,5m. 

Asset with Reg. No. 0/13411 is owned by Unital Properties Ltd

Asset with Reg. No. 0/13413 is subject to vat.

, 0/13413

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

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Buying expenses

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.

Stamp Duties
If buying as an individual
€7,530 ($8,079)
If buying on joint names
€7,530 ($8,079)
Transfer fees
If buying as an individual
€149,040 ($159,912)
If buying on joint names
€145,640 ($156,264)

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