Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Field - Panagia (SOPAZ), Nicosia

Nicosia - Ref. PR14822Map

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Field - Panagia (SOPAZ), Nicosia

Ref. PR14822

Subject to VAT


Indicative Price

  • 4,952 m2 (whole share)

Field which lies within the commercial zone (Εβ5) and the residential zone (Κα6) in a very good location, in Panagia Quarter in Nicosia Municipality. It is located at a distance of 45 meters (approx.) north of the Aglantzia Light Industrial Area and 720 meters (approx.) south of “SOPAZ” roundabout.

The property is ideally situated close to a plethora of amenities and services such as supermarkets, shops, cafes etc. In addition, it has very good access to the centre of Nicosia and the motorway.

It has a rectangular shape and a level topography. It abuts onto Ammochostou avenue along its western boundary with a frontage of 75 meters (approx.).

 The property has acquired a Planning Permit which allows the conversion of the field into a plot which expires on 14/01/2025.

It can easily be divided into at least four (4) plots as shown in the attached proposed plan.

It is considered as an ideal choice for a land developer or and individual.


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The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Nicosia

Municipality: Nicosia Municipality

Quarter: Panagia


  • Use: Commercial
  • Land area: 4,952 m2 (whole share)
  • Title deed: The property has a separate title deed

Land Registry Information

Reference Reg. Nº Sheet/Plan Block Parcel Nº
PR14822 5/585 21/56W1 5 561
  • Planning zone: Κα6 55
  • Building Coefficient: 90%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 10
  • Planning zone: Εβ5 45
  • Building Coefficient: 120%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 3
  • Maximum Building Height (m): 11,30

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.


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