€990,000 €866/m²

1,143m² Plot for Sale in Aglantzia, Nicosia District

Aglantzia, Nicosia district Posted 3 years ago Updated 6 months ago
1,143 m²Covered area
1,143 m²Plot
Pre-OwnedCondition
Smart Assets
Smart Assets Agency · R.N.:1109 L.N.:317/E 3,011 for sale

About this home

Reference ID: #SA33136Price details: €990,000 +VATThis prime commercial plot in Aglantzia, Nicosia, presents an exceptional investment opportunity. Spanning 1,143 square meters, the strategically located field is positioned a mere 150 meters from Aglantzia City Hall, ensuring proximity to administrative services. Additionally, it stands 1.1 kilometers away from the esteemed University of Cyprus and is conveniently situated within walking distance of the bustling junction of Larnakos and Aglantzias Avenues—recognized as the primary commercial arteries of the area, boasting vibrant commercial activity.With road frontage on both its northern and southern borders, the plot offers accessibility and visibility, making it an ideal location for commercial development. The asset's advantageous position not only facilitates easy access to the city center and major highways but also places it in close proximity to a comprehensive range of amenities.The plot comes with a favorable zoning plan, featuring a building density of 160%, coverage of 50%, a maximum height allowance of 24 meters, and the potential for constructing up to six floors. These parameters provide ample scope for the realization of a diverse range of commercial ventures, from retail establishments to office spaces or mixed-use developments.In essence, this commercial plot in Aglantzia is a strategic and versatile investment proposition, offering a harmonious blend of location advantages, development potential, and favorable zoning regulations.

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Reference
SA33136
Property type
Land and Plots
Plot area
1,143 m²
Building density
160%
Coverage ratio
50%

What it will really cost

Asking price€990,000
Title transfer fee ~€36,200
Estimated total€1,026,200
Mortgage estimate
Monthly payment

Estimate only. Legal fees, stamp duty and mortgage costs are not included.

How the price compares

100% above
average

At €866/m² compared with an average €434/m² across 216 similar listings — land and plots in Nicosia.

Asking price per m²This home
Average €434 This home €866
€217€729€1,240

Location

Aglantzia, Nicosia district

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€990,000€866/m²
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