Residential land 557 m² €643.000
""Perfectly located in the heart of Nicosia, in the rapidly growing Likavitos area just steps from the bustling Makariou avenue. This highly desirable location is seeing significant development and growth, making it the perfect time to invest. Key Investment Features ----Total Market Value (TMV)--------- • Plot Area 557m2 • Buildable Covered Area 779.8m2 • Covered Verandas 194.95m2 • Total Covered Area 974m2 • Market Value per sq.m €2,550 >Total Market Value of Development (TMV) € 2,485,613 ----Total Development Cost (TDC)-------- • Development cost @ € 1,400 €1,364,650 • Construction-Related Professional fees @4% €54,586 • Unforseen expenses €68,233 >Total Development Cost (TDC) €1,487,469 ----Total Expenses-------- • Business Profit Relative to TDC @ 15% €223,120 • Loan Interest on 30% of TDC @ 5% €44,624 • Marketing Expenses @ 0.5% on TMV €12,428 • Brokerage Expenses @ 3% on TMV €74,568 >Total Expenses €354,741 ----Property Market Value €643,000---- Secure this opportunity in one of Nicosia’s fastest-growing neighborhoods and capitalize on the area’s thriving development!""
Total plot’s-land's area:557 m²
Coverage:0%
Available from:2024-09-12
Offered at: 643,000 
Type: Residential
Planning zone: Κα3
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