Ref. No. 23545 Commercial Land
€5,260,000
No VAT
Nicosia Town
Nicosia
Commercial
Land
1075m²
Plot
Sales Agent
Gareth Ronweil
Property Description
This rare plot of 1.075 sqm is very centrally located in the Trypiotis Area of Nicosia.
It is c. 140m north-west of the City Plaza commercial building and c. 300m from Eleftheria Square.
The property has a corner position with a regular rectangular shape and a flat even surface
It falls within special commercial planning zone ΠEZ.
The plot is adjacent at its north border to the Eleneion School and is situated at the junction of Stasandrou and Ayias Elenis Roads. It has road frontage of circa 57m to its west and south borders along these roads.
The plot is privileged with an additional building coefficient of 448 sqm as per the title deed.
The property has an active planning permit for a 16-storey building (permit no. 5973/ - ΠΑ89/09 – expiry date:16/03/2020).
The active planning permit includes 4 basement floors for parking, 3 ground floor shops with mezzanine, offices at 3rd up to 12th floor and three penthouses at the 14th – 16th floor with a swimming pool on the roof terrace.
The property is covered by all the utility services (sewage, water, electricity and telecommunication).
The property is zoned as ΠEZ (special commercial) with 250% building density and 70% coverage.
BoC owning SPV: Tasabo Properties Limited
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
It is c. 140m north-west of the City Plaza commercial building and c. 300m from Eleftheria Square.
The property has a corner position with a regular rectangular shape and a flat even surface
It falls within special commercial planning zone ΠEZ.
The plot is adjacent at its north border to the Eleneion School and is situated at the junction of Stasandrou and Ayias Elenis Roads. It has road frontage of circa 57m to its west and south borders along these roads.
The plot is privileged with an additional building coefficient of 448 sqm as per the title deed.
The property has an active planning permit for a 16-storey building (permit no. 5973/ - ΠΑ89/09 – expiry date:16/03/2020).
The active planning permit includes 4 basement floors for parking, 3 ground floor shops with mezzanine, offices at 3rd up to 12th floor and three penthouses at the 14th – 16th floor with a swimming pool on the roof terrace.
The property is covered by all the utility services (sewage, water, electricity and telecommunication).
The property is zoned as ΠEZ (special commercial) with 250% building density and 70% coverage.
BoC owning SPV: Tasabo Properties Limited
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
Property Features
No VAT
Transfer Fees
€217,428
BUYING AS AN INDIVIDUAL
€207,000 Transfer fees + €10,428 Stamp Duty
€214,028
BUYING ON JOINT NAMES
€203,600 Transfer fees + €10,428 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.
