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Commercial Plot in Pallouriotissa Nicosia

Plot
Sale
€ 605,000 NO VAT
633 m2
Nicosia, Panageia
Overview
Property ID : A35537
Plot Type
Sale Contract
633 Square meters
€ 605,000 NO VAT Price
Commercial Plot in Pallouriotissa Nicosia
Nicosia, Panageia
Commercial plot in a lively and central location in Panagia Quarter in Nicosia Municipality.

The property is ideally situated close to a plethora of amenities and services such as supermarkets, shops, schools etc. In addition, the property enjoys excellent accessibility to the Nicosia city center.

The plot has a rectangular shape and a level surface. It abuts onto along its eastern boundary with a total frontage of 24 meters (approx.). Within the property there is a  single-storey building that bares no economical value.

It is noted that the plot falls within the commercial zone EZ-α which allows the construction of an eight-storey building. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan.

 

District: Nicosia

Municipality: Nicosia Municipality

Quarter: Panagia

Characteristics

  • Use: Commercial
  • Land area: 633 m2 (whole share)
  • Title deed: The property has a separate title deed
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