€145,000 €246/m²

589m² Plot for Sale in Geri, Nicosia District

Geri, Nicosia district Posted 8 hours ago Updated 8 hours ago
589 m²Plot
G&P Lazarou Estate Agents Agency · Reg. 701 · Licence 442/Ε 5,705 for sale · 306 for rent

About this home

For Sale | Large Rectangular Residential Plot of 589 m² with 21.04-Metre Frontage in Geri, Nicosia
A large rectangular residential plot with a total area of 589 m² is available for sale in Geri, Nicosia District. The property offers attractive opportunities for future residential development, combining a generous land area, practical shape and favourable building coefficients.
The plot features a regular rectangular shape and a generous frontage of approximately 21.04 metres, offering flexibility for architectural planning and the design of a spacious residence or residential development, subject to the necessary planning approvals.
An important characteristic of the property is that it benefits from a right of way, providing an access arrangement to the land. The exact route, width and legal terms of the right of way should be verified through the relevant title deed and cadastral documentation.
The property is currently under subdivision, making it important for prospective purchasers to verify the completion of the subdivision process, the final plot boundaries and the issuance of a separate title deed.
The plot has a building density coefficient of 80% and a coverage ratio of 45%, with a maximum permitted development of two floors and a height of 10 metres, according to the planning parameters provided.
Based on the total area of 589 m², the building density coefficient corresponds to a theoretical maximum buildable floor area of approximately 471.20 m², while the coverage ratio corresponds to a theoretical maximum ground coverage of approximately 265.05 m². These calculations are indicative and remain subject to applicable planning regulations, development restrictions and necessary approvals.
The property's rectangular shape, 21.04-metre frontage and substantial land area offer interesting possibilities for functional residential planning and efficient use of the available space.
Located in the wider Geri area, the property offers access to residential neighbourhoods, schools, supermarkets, shops, pharmacies and essential everyday services.
Important points of interest in the wider area include Geri Village Centre | University of Cyprus | Athalassa National Forest Park | Latsia | Nicosia General Hospital.
Combining its 589 m² land area, rectangular shape, 21.04-metre frontage, 80% building density, 45% coverage ratio and right of way, this plot represents an attractive opportunity for individuals, developers and investors seeking residential land with future development potential in Geri, subject to completion of the subdivision process and the necessary approvals.
To discover more residential plots and land for sale in Nicosia District, you can browse our complete portfolio directly from our website:
https://gplazarou.com/properties/for_sale/nicosia?property_type%5Bland%5D%5Bplot%5D=plot
Contact G&P Lazarou Estate Agents today at +357 22024949 or email [email protected] for further information or to arrange a viewing!

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Reference
69820
Property type
Land and Plots
Plot area
589 m²
Building density
80.00%
Coverage ratio
45.00%
Max. floors
2
Max. height
10 m

What it will really cost

Asking price€145,000
Title transfer fee ~€2,775
Estimated total€147,775
Mortgage estimate
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Estimate only. Legal fees, stamp duty and mortgage costs are not included.

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Location

Geri, Nicosia district

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