#15716
For Sale, Mixed-Use Development Plot in Panagia, Nicosia
450,000€
#15716
For Sale, Mixed-Use Development Plot in Panagia, Nicosia
450,000€
524m²
180%
50%
524m²
180%
50%
Mixed-Use | Residential | Commercial
Located in Panagia, Nicosia, in a rapidly developing area between Agios Antonios and Pallouriotissa, this plot offers excellent development potential, with convenient access to Nicosia city center and Frederick University.Plot Size: 524 sq.m.
Road Frontage: 22 m | Advantage: High Traffic Visibility
Planning Zone: Εβ2 – Mixed Use
Building Density: 180%
Coverage: 50%
Maximum Floors: 8
Height: 31 m
Title Deed: Available
An older residential property is currently situated on the plot and is considered suitable for demolition and redevelopment.
The Εβ2 mixed-use zoning allows for a combination of residential and commercial uses, making the property suitable for development such as apartments, offices, shops or a mixed-use building, subject to the relevant planning and building permits.
An excellent opportunity for developers and investors seeking a versatile property in a well-connected and growing area of Nicosia.
Property Info
15716
450,000€
Nicosia
Details
Land Type:
Plot
Town Planning Zone:
Commercial
Cover Factor:
50%
Building Density:
180%
Height:
31m
Ideal For:
Mixed-Use Development
Areas
Plot Area:
524m²
Main Features
Registered Road:
Elevated Area:
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
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.