€120,000
1/3 share of a commercial Plot , Nicosia Center, Nicosia
Land type
Plot
Plot type
Residential
Features
Property description
Location • Situated in the vibrant Kaimakli quarter, this plot benefits from a prime position within the dynamic commercial landscape of Nicosia. • The property enjoys exceptional access to the city center, placing it just moments away from the capital's main business and administrative hubs. • Its strategic location near a major roundabout provides outstanding connectivity to the wider Nicosia road network for effortless commuting. • A wealth of amenities, including supermarkets, reputable schools, retail shops, and essential services, are all conveniently located within the immediate vicinity. • This established area combines the appeal of a traditional neighborhood with the convenience of modern urban living, offering a thriving environment for business. • The plot is set within a well-developed area characterized by a mix of commercial and residential activity, ensuring consistent footfall and visibility. External Features • This commercial plot presents a substantial opportunity, occupying a strategic corner with an impressive frontage of approximately 29 meters onto a main public road. • The parcel features a regular trapezoid shape and a uniformly even surface, simplifying the planning and execution of future construction projects. • It is positioned in a highly visible location that guarantees excellent exposure for any commercial enterprise or development built upon the site. • The property includes an existing structure of no economic value, presenting a clear opportunity for complete redevelopment tailored to a new owner's vision. • The plot’s dimensions and layout offer considerable flexibility for designing a modern commercial building with dedicated customer access and potential parking. Advantages - Special Features • This plot represents an exceptional investment opportunity in a high-demand area of the capital, ideal for developers seeking a prime commercial project. • The generous building density of 160% and 50% coverage ratio allow for the development of a significant, multi-level commercial or mixed-use building. • Its classification within the Εβ3 commercial planning zone provides a clear framework for a wide range of business, retail, or office-based developments. • The location is perfectly suited for constructing a flagship office building, a modern retail complex, or specialized service centers requiring a central address. • Capitalizing on this plot offers the potential for strong rental yields and significant capital appreciation due to its sought-after Nicosia center location. • The opportunity to acquire a share in a prominent commercial plot provides an accessible entry point for investment in a prime, developing urban district.
Location
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Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
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Mortgage calculator for this property
Estimate the loan, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Recommended max LTV: 80%. Cyprus banks commonly finance up to 80% of the property value for an owner-occupied primary residence.
Resale property selected. VAT is estimated at €0 and transfer fees may apply because VAT is generally not payable on resale properties.
First-time buyer status is informational only here; it does not change the payment, transfer fees, stamp duty, or mortgage registration estimate.
Reduced 5% VAT depends on a main-residence declaration, property size/value limits, and Tax Department eligibility.
Use only if the planning-permit and declaration deadlines apply.
- Transfer fees are estimated at 3%, 5%, 8% bands, then 50% reduced when VAT is not paid.
- Transfer fees are estimated from purchase price and VAT treatment only; buyer ownership status does not change them here.
- No transfer fee is estimated when VAT applies to the transaction under current Land Registry practice.
- Mortgage registration is estimated at 1% of the mortgage amount.
- Stamp duty is shown as €0 because stamp duty was abolished for agreements from 1 January 2026.
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- Recent payslips, employment contract, accounts for self-employed buyers, and bank statements.
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Estimates are indicative only and do not constitute financial advice or a lending offer. Actual lending decisions, fees, VAT treatment, and affordability assessments depend on the individual bank, the Tax Department, the Department of Lands and Surveys, and the buyer's personal circumstances.