#9474
For Sale, Commercial Corner Plot in Lakatameia, Nicosia
#9474
For Sale, Commercial Corner Plot in Lakatameia, Nicosia
7,871m²
90%
45%
Property Description
This is a large scale commercial corner plot, in STELMEK area, in Lakatameia, Nicosia.The plot is extending to 7,871sqm, it has a regular shape with level topography and abuts onto public registered roads with frontage of approximately 175m. It is important to mention that the plot abuts onto pedestrian road along its eastern boundary.
It falls withing Commercial Zone Eβ with Building Coefficient 90% and Coverage Coefficient 45%.
The property has the potential for large scale mixed-use development which will convenience the needs of the residents of the surrounding area.
The surrounding area is mostly characterized by residential development, with many plot divisions and house developments. The STELMEK area is considered as one of the most promising residential areas of Nicosia.
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.