Property Description

A parcel of land with a total area of 1.829 sqm, located in Ayios Antonios quarter in Nicosia. It is adjacent to Meletiou Metaxaki Street on its western boundary, at a distance of few meters north of Digeni Akrita Avenue, and 170 meters north-east of the Digeni Aktrita-Kallipoleos Junction.

The property, as a plot, has a rectangular shape with an extensive frontage to the street of 67 metres. Its surface is flat and even.

It is noted that currently, on the site, there is a building with no economic value that will be demolished.

The property falls within the commercial pplanning zone Εα3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height. 

The immediate area of the property consists of a mixture of residential and commercial developments such as buildings consisting of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. 

Given its large area, excellent location and easy access, is suitable for commercial /residential development, benefiting from high volumes of traffic. Another advantage of the property, as a building plot, may benefit from increased building density by taking advantage of various government incentives. 

The property is currently leased.

Owner: Nolory Properties Ltd
All urban features must be checked with the proper authorities. The Seller has the right to review selling prices without any prior notice.

Property Features

No VAT

Transfer Fees

€105,078
BUYING AS AN INDIVIDUAL
€100,000 Transfer fees + €5,078 Stamp Duty
€101,678
BUYING ON JOINT NAMES
€96,600 Transfer fees + €5,078 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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