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11,697 SQM Commercial Land
Tseri, Nicosia

€595,000  ($687,215)

VAT Applicable not included in the price
Mayfair Properties

Mayfair Properties

Reg. No: 396 / License No: 492

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Average Bank Rate (€595,000)
1 USD = 0.8365 EUR
$711,268

Mid-market rate (€595,000)
1 USD = 0.8658 EUR
$687,215

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 (ΕΒ)

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

Coverage: 0.5

Density: 1

Height: 13.5 meters

Allowed stories: 3

Development description: Local Plan Of Tseri (Τοπικο Σχεδιο Τσεριου)


Nearby planning zones

Residential: 0.47 Km

Tourist: 32.63 Km

Industrial: 1.4 Km

Agricultural: 0.41 Km

Farm: 2.58 Km

Key features

  • Listing ID: 8249222 (260177)
  • Plot: 11697 sqm

Description

An excellent investment opportunity in the rapidly developing area of Tseri, offering a 62.5% (5/8) undivided share of a large dual-zone field. The entire field extends to 11,697 sq.m., with the share corresponding to approximately 7,310 sq.m. The property is ideally positioned about 2 km north of Tseri’s town centre and the well-known Church of Saints Constantine and Helen, ensuring convenient access to local amenities. Key Features: • Share: 62.5% (approx. 7,310 sq.m.) • Total Field Area: 11,697 sq.m. • Frontage: Approx. 100m along a registered public road (eastern boundary). • Shape & Topography: Almost regular shape with a slight southwest incline. Planning Zones: The property benefits from a highly attractive dual planning designation: • Residential Zone Ka8 (46%) • Commercial Zone Eβ (54%) With a building density coefficient of up to 60% and land coverage of up to 35%, the asset offers significant flexibility for mixed residential and commercial development, making it suitable for a wide range of investment strategies. This is a rare opportunity to secure a substantial landholding in an expanding municipality of the Nicosia district, combining strong road frontage, advantageous zoning, and long-term development potential. No distribution agreement in place. Please Note: The field is subject to a road acquisition. The property is held within a Special Purpose Vehicle (SPV). Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.

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