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Large plot of 744 m2 for developing flats in an area of Akropolis with high demand


Akropolis, Nicosia

REF: P-118491
€790,000 Plus VAT
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Available
Property for Sale in Nicosia, Akropolis, Cyprus

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Plot/land (sq.m.)
744m2

Property Details

Property Details
  • For Sale
  • Property Type: Plot
  • Property Subtype: Residential
  • Property Label: Investment Property and Development Property
  • Location: Nicosia, Akropolis, Cyprus
  • Price: €790,000 Plus VAT
  • VAT: Plus
  • Loan Installment: €3,872

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €790,000
Own Contribution (30%): €237,000
Loan Amount (70%): €553,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Plot/Land Size: 744sqm
  • Reference: P-118491

Property Description

The plot is located in an area where there is a lot of demand for high-end luxurious flats because of the executive high salary managers that work in large organizations in this area.
Plot availability is rare as also the new luxury modern flats. It will offer to the developer the flexibility to create a modern residential building on a quiet street with four luxury entire floor large flats or smaller 3-4 bedroom flats with the last floor offering a large roof garden for two large 3-4 bedroom flats.

Specific building zone information:
- 744 m2 plot
- 140% building factor
- 50% cover factor
- 1042 m2 building space
- 372 m2 building & floor coverage
- 4 building floors
- Basement ideal land formation

Please call me for arranging a visit to the plot
Dimitris Vasiliou logo

Dimitris Vasiliou

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Additional Details

Zone (ie. H2)
Κα3
Zone type
Residential
Building density (%)
140
Coverage ratio (%)
50
Floor allowance
4
Title deed or under separation
Title deed ready

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