Property 1110 Nicosia / 38976
Prime Mixed-use Land In Nicosia With Immense Development Potential.
7
For Sale • Deal
2,750,000€
Estimated Mortgage
/month
1417
Plot m2
Property Description
• Location: Prime mixed-use land for sale in Nicosia, ideally situated opposite Nicosia Municipal National Park and the Venetian walls, near the National Theater and New Cyprus Museum. • Land Size: 1,417 sq.m. with immense development potential in a central and vibrant area.
• Development Potential: Suitable for residential, commercial, and cultural projects, including:
- o Hotels
- o Office buildings (ideal for business headquarters or law firms)
- o Medical centers
- o University
- o Student accommodation
- o Shopping centers
- o High end residences
• Building Specifications:
- o Building Density: 200%
- o Coverage Allowance: 60%
- o Floor Allowance: 8
- o Building Zone: EΖ-δ
• Incentives for Large Plots:
- o Plots over 1,000 sq.m on roads with at least 14 meters width may qualify for an increased floor area ratio up to 4.50:1, allowing up to 10 floors.
o Conditions include:
- Increased coverage rate of 60% observed in the first 4 floors
- Must ensure comfort for neighboring property users
- • Additional Feature: Includes an existing building.
Location
50.06 kms
111.46 kms
0.23 kms
0.66 kms
0.71 kms
1.02 kms
1.47 kms
1.54 kms
1.94 kms
1.99 kms
2.48 kms
2.64 kms
2.96 kms
3.71 kms
3.99 kms
0.78 kms
0.85 kms
1.00 kms
1.82 kms
1.92 kms
1.93 kms
2.23 kms
2.39 kms
2.80 kms
4.26 kms
6.30 kms
6.53 kms
Transfer Fees
Transfer Fees Individual
106,600 €
Transfer Fees Joint Names
103,200 €
Stamp Duty
5,408 €