€370,000 €447/m²

827m² Plot for Sale in Nicosia District

Nicosia district Posted 6 hours ago Updated 6 hours ago
827 m²Plot
RealDeal Estates Agency · Reg. 1311 · Licence 347/E 7,475 for sale · 207 for rent

About this home

The property comprises two adjacent commercial fields, offered as a single unit, with a total land area of 827sq.m. It is ideally situated within Lakatameia Municipality, Agios Nikolaos parish in Nicosia District. It is located approximately 620 meters southwest of the Agia Paraskevi Lakatamia's Elementary school, situated next to ‘Marks and Spencer’ store. It abuts on its eastern boundary with high-traffic Archiepiskopou Makariou III Avenue Strategically positioned in the heart of Lakatameia's commercial corridor, surrounded by established businesses and residential clusters, ensuring high footfall and long-term value appreciation. The field has a regular shape with an even surface offering optimized building efficiency and immediate development readiness. The field has frontage on register road 18 meters. The property falls within Commercial Zone Eβ4, allowing for a building density of 140%, coverage of 50%, and permission for 4 floors (17m) of construction. A past planning permit for one (1) shop and ten (10) apartments (valid 2009–2013) highlights the site’s commercial viability. This established project history provides a streamlined foundation for a prospective buyer to renew and finalize the development. There is a separate title deed for this property.

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Reference
12885
Property type
Land and Plots
Plot area
827 m²
Furnishing
Unfurnished

What it will really cost

Asking price€370,000
Title transfer fee ~€11,400
Estimated total€381,400
Mortgage estimate
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Location

Nicosia district

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€370,000€447/m²
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