New For Sale €1,350,000 Building Egkomi Nicosia

Information from owner
Building mixed residential/commercial, under circular motorway, with built area of 467 sqrm, area 549 sqrm, just 350 m from highway, in the area of Egkomi within Nicosia district. It is within close proximity to: State Fair (Cyprus Expo). Main features include: Mezzanine, basement. The Energy Efficiency Class of the building is C. The Building was constructed in 2002. The plot characteristics are: within planning zone Eb4, has a build coefficient of 140.000% with covered coefficient of 50.00%, maximum building permissible height 17.00 meters, and maximum number of floors 4. Τhe plot area is 549 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 302 sqrm. Zone: Commercial Zone and other central services. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, bakery, park. 5 minutes from: nursery, primary school, secondary school, university, supermarket, childrens play area, communal swimming pool, gymnastics center, Church. View of: town. The type of road leading to the property is tarmac secondary road. There is road frontage of 20 meters. The investment is € 2,891 per covered square meter. If you also take into account that you also get a plot 549 sqrm then you can better understand the value. It appears that there is 39% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 302 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. It is also situated below the circular bypass motorway, thus it has easy access to all city places. Has distance from main higway 350 m.

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