Land, For Sale, Nicosia, Tseri

Tseri, Cyprus

For Sale

€1,199,000

REF: 772723 €1,199,000


Description

Location €¢ Centrally located on Nicosia Perimeter Motorway in Tseri, Nicosia. Land characteristics €¢ Eight industrial adjacent fields extending to about 51.807 sq.m. €¢ The properties as a unified asset have a flat surface and access via a registered road with a total frontage of approximately 93m.

€¢ The asset is affected by a compulsory acquisition for the construction of the Nicosia Ring Road of approximately 19.038 sq.m., resulting in a total net area of approximately 32.769 sq.m. €¢ The asset falls within planning zones Βα4 (Industrial Zone), Γα4 (Agricultural Zone), and ΠΑΠ(Nicosia Perimeter Motorway Special Lane).

€¢ The area of the property is considered as on of the most appealing investment areas due to its central location, zoning incentives and easy access to all major motorways and cities island wide. €¢ This property consists of: Property A) extending to approximately 2,267 sq.m. in total falls within three zones Βα4 (1%), with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction, Zone Γα4(52%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction and zone ΠΑÎ(47%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction.

Property B) extending to approximately 4,042 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property C) extending to approximately 3,252 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property D)extending to approximately 3,085 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property E)extending to approximately 2,546 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property F)extending to approximately 3,847 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property G) extending to approximately 2,267 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property (H) extending to approximately 30,501 sq.m. in total falls within three zones Βα4 (14%), with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction, Zone Γα4(32%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction and zone ΠΑÎ(53%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction.

Advantages special features €¢ The area of the property is considered as on of the most appealing investment areas due to its central location, zoning incentives and easy access to all major motorways and cities island wide.
Location €¢ Centrally located on Nicosia Perimeter Motorway in Tseri, Nicosia. Land characteristics €¢ Eight industrial adjacent fields extending to about 51.807 sq.m. €¢ The properties as a unified asset have a flat surface and access via a registered road with a total frontage of approximately 93m.

€¢ The asset is affected by a compulsory acquisition for the construction of the Nicosia Ring Road of approximately 19.038 sq.m., resulting in a total net area of approximately 32.769 sq.m. €¢ The asset falls within planning zones Βα4 (Industrial Zone), Γα4 (Agricultural Zone), and ΠΑΠ(Nicosia Perimeter Motorway Special Lane).

€¢ The area of the property is considered as on of the most appealing investment areas due to its central location, zoning incentives and easy access to all major motorways and cities island wide. €¢ This property consists of: Property A) extending to approximately 2,267 sq.m. in total falls within three zones Βα4 (1%), with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction, Zone Γα4(52%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction and zone ΠΑÎ(47%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction.

Property B) extending to approximately 4,042 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property C) extending to approximately 3,252 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property D)extending to approximately 3,085 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property E)extending to approximately 2,546 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property F)extending to approximately 3,847 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction. Property G) extending to approximately 2,267 sq.m. in total and falls within Zone Βα4, with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction.

Property (H) extending to approximately 30,501 sq.m. in total falls within three zones Βα4 (14%), with a building coefficient of 90%, coverage of 60%, and permission for 2 floors (0m) of construction, Zone Γα4(32%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction and zone ΠΑÎ(53%), with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (7m) of construction.

Advantages special features €¢ The area of the property is considered as on of the most appealing investment areas due to its central location, zoning incentives and easy access to all major motorways and cities island wide.
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Property on Map

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Currency Exchange

Tseri, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,199,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,199,000 £989,607 £1,040,840 £51,233
Property Price € €1,199,000
Minimum cost in the last six months £989,607
Maximum cost in the last six months £1,040,840
Fluctuating exchange rates over the last six months could have increased the cost of this property by £51,233

Tseri, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,199,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,199,000 £989,607 £1,040,840 £51,233
Property Price € €1,199,000
Minimum cost in the last six months £989,607
Maximum cost in the last six months £1,040,840
Fluctuating exchange rates over the last six months could have increased the cost of this property by £51,233

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £51,233 more.

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