4893m² Land for sale in Nicosia, Cyprus by Bezino Trading Ltd No. 35806

Property description

Reference ID: #SA30783Price details: €25,500,000The plot is situated within the administrative boundaries of Nicosia municipality, at Trypiotis Quarter within the Central Business District of the town and it is located at about 150 m south west of the new under construction Eleftherias Square and at about 50 m south of the cross road between Archbishop Makarios III, Evagoras and Anastasios Leventis Avenues.The immediate area is primarily for office uses on the upper floors and commercial uses on the ground floor along the main arterial routes, i.e.Makarios IIIIIIIII Avenue and Evagoras Avenues,which are considered two of the most commercially active streets of the capital.Furthermore,it is characterizedby leisure entertainment spots such as restaurants, coffee shops,shops ,nigh clubs and very recently residential units to a certain extent and clustering of public and private services and departments (Ministries,banks, law firms, etc).The plot abuts on three public roads . It has a rather regular shape of letter 'L' type and a flat and even surface.

It must be highlighted that,the property is located opposite a large outdoor parking area,which covers the needs for car parking of the immediate area to a great extent.The plot sizei s 4893 sqm and has building density2.5:1 and coverage 0.7:1.As mentioned before, according ingto the provisions of the Revised Local Plan for the TownCentre, the property under study can get benefited with an increase building density up to 5,55 :1(2.50 +2,50 +0,25 +0,30 ),due to its large extent and the unlimited storeys/height.The plot has great advantages as the large extent, its location in the Central Business District and very close to Eleftherias Square which is under reconstruction and the large frontage along three public roads ,its shape and even and flat surface.Moreover, it could secure an extra ordinary high building density,which is the achievable building density that could be permitted, as per the provisions of the local plan of Nicosia-CBD (Central Business District).

Reference number: SA30783
Density: 250%
Coverage: 70%
Plot area: 4893 m2
Plot Type: Commercial
Square meter price: €5.212 /m2:

Parameters	Nicosia
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 711.72
Apartment (1 bedroom) Outside of Centre	$ 573.11
Apartment (3 bedrooms) in City Centre	$ 1 309.58
Apartment (3 bedrooms) Outside of Centre	$ 1 062.51
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 2 680.92
Price per Square Meter to Buy Apartment Outside of Centre	$ 1 848.18

Parameters	Nicosia
Crime Index	30.71
Cost of Living and Rent Index	36.02
Purchasing Power Index	85.14
Property Price to Income Ratio	6.70
Safety Index	69.29
Traffic CO₂ Index	4596.94
Traffic Inefficiency Index	117.15
Rent Index	17.20
Health Care Index	56.55
Groceries Index	51.60
Pollution Index	59.30
Traffic Commute Time Index	24.38
Restaurant Price Index	52.60
Climate Index	86.01
Cost of Living Index	51.83
Quality of Life Index	156.39
Traffic Index	107.94

Parameters	Nicosia
Restaurants
Meal, Inexpensive Restaurant	$ 12.85
Meal for 2 People, Mid-range Restaurant, Three-course	$ 67.02
McMeal at McDonalds (or Equivalent Combo Meal)	$ 7.82
Domestic Beer (0.5 liter draught)	$ 4.47
Imported Beer (0.33 liter bottle)	$ 5.59
Coke/Pepsi (0.33 liter bottle)	$ 1.59
Water (0.33 liter bottle)	$ 0.77
Cappuccino (regular)	$ 3.65
Markets
Milk (regular), (1 liter)	$ 1.85
Loaf of Fresh White Bread (500g)	$ 2.01
Eggs (regular) (12)	$ 3.73
Local Cheese (1kg)	$ 13.51
Water (1.5 liter bottle)	$ 0.92
Bottle of Wine (Mid-Range)	$ 8.94
Domestic Beer (0.5 liter bottle)	$ 1.71
Imported Beer (0.33 liter bottle)	$ 3.11
Cigarettes 20 Pack (Marlboro)	$ 5.59
Apples (1kg)	$ 2.89
Chicken Fillets (1kg)	$ 8.91
Oranges (1kg)	$ 1.88
Potato (1kg)	$ 1.39
Lettuce (1 head)	$ 0.55
Rice (white), (1kg)	$ 2.52
Tomato (1kg)	$ 2.58
Banana (1kg)	$ 2.01
Onion (1kg)	$ 1.28
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 12.38
Transportation
One-way Ticket (Local Transport)	$ 2.68
Monthly Pass (Regular Price)	$ 55.85
Gasoline (1 liter)	$ 1.56
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 27 870.40
Taxi Start (Normal Tariff)	$ 3.91
Taxi 1km (Normal Tariff)	$ 1.40
Taxi 1hour Waiting (Normal Tariff)	$ 55.85
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 28 689.57
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 210.94
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 29.68
	$ 23.31
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 1 690.11
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.80
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 66.56
Tennis Court Rent (1 Hour on Weekend)	$ 25.13
Cinema, International Release, 1 Seat	$ 11.17
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 76.33
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 34.54
1 Pair of Nike Running Shoes (Mid-Range)	$ 86.88
1 Pair of Men Leather Business Shoes	$ 95.88
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 404.62
International Primary School, Yearly for 1 Child	$ 7 514.72

4893m² Land in Nicosia, Cyprus No. 35806

Property description