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Plot in the special zone for high buildings in Nicosia


Tripiotis, Nicosia

REF: P-99230
€3,190,000 Plus VAT
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Available
Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Plot/land (sq.m.)
904m2

Property Details

Property Details
  • For Sale
  • Property Type: Plot
  • Property Label: Investment Property and Development Property
  • Location: Nicosia, Nicosia Centre, Cyprus
  • Price: €3,190,000 Plus VAT
  • VAT: Plus
  • Loan Installment: €15,636

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: €3,190,000
Own Contribution (30%): €957,000
Loan Amount (70%): €2,233,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Plot/Land Size: 904sqm
  • Reference: P-99230

Property Description

Suitable for high buildings. The property consists of two continuous plots with 250% building density and 70% covering density. The number of floors and height is decided when application is done to the authorities. This asset is in the special zone ΠΕΖ where you can build the highest buildings in Nicosia. Located only 10m away from Makarios Avenue with 904sm area total for both plots. Buildable area is 2,260sm.

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Additional Details

Zone (ie. H2)
ΠΕΖ
Zone type
Commercial
Building density (%)
250
Coverage ratio (%)
70
Floor allowance
8
Title deed or under separation
Title Deed

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