Ref. No. 20927 Residential Land

€1,990,000 Plus VAT
Nicosia Town Nicosia
Residential Land
6086m² Plot
Sales Agent Gareth Ronweil

Property Description

This 6.086 sqm field is located in the Kaimakli area of Nicosia.

It is approximately 375m southeast from Kantaras Avenue and Agiou Ilariona Avenue and 400m northeast from the Omorfitas Police Station.

The parcel falls into special planning zone EΠ6 and benefits from 60m road frontage along Markou Botsari Street.

A planning permit is held for the development of a 6- storey unified hall of residences/accommodation development accommodating 73 flats for university students, gym, 8 shops and underground parking area. Further details are available upon request.

The property is currently occupied with a two month termination notice.

The property has the potential to be covered by all the utility services (water, electricity and telecommunication).

The immediate area is characterised as an industrial area which comprises mainly warehouses and industrial units.

The plot is zoned EΠ6 (special) with 160% building density, 50% coverage and 2 floors.

THE PRICE IS SUBJECT TO VAT.

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

Plus VAT

Transfer Fees

€80,088
BUYING AS AN INDIVIDUAL
€76,200 Transfer fees + €3,888 Stamp Duty
€76,688
BUYING ON JOINT NAMES
€72,800 Transfer fees + €3,888 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.
THIS WEBSITE IS USING COOKIES
We use cookies to provide necessary functionality and give you the best experience on our website. Continue if you are happy to receive all cookies on this site. Read our Cookies Policy.