Investment land in Nicosia

1,375,000 €

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Key project parameters

Project description

The property is a commercial plot in Agios Antonios. Within the plot there is an obsolete house. The plot abuts on a public asphalt road with a total road frontage of 28m. It has a land area of 773 m² The property offers many development possibilities, such as a mixed-use building that would include shops, residential apartments or offices, an educational institution, or student residences. The property can benefit from increased building coefficient through the incentives of the Zone EZ-k (Local plan of Nicosia Municipality – Town and Spatial Planning Law 90/70). The property holds a premium position in a recently developed area. It is surrounded by business offices, fine restaurants, coffee shops, a clinic, pharmacy and many other services.

Tenants

Agreement: n/a

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annual yield: From 15-17%
investment exit horizon: 2–3 years
full support at every stage: Turnkey deal

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Developing a strategy

We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment

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We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account