New For Sale €12,000,000 Building Nicosia (center), Lefkosia Nicosia

Information from owner
Building with title deed, residential apartments, with built area of 5,000 sqrm, area 2,440 sqrm, just 1 m from highway, in the area of Nicosia (center), Lefkosia within Nicosia district. The Energy Efficiency Class of the building is D. The Building was constructed in 1990. The building is large size and is comprised of 75 units. The plot characteristics are: within planning zone PEZ, has a build coefficient of 250.000% with covered coefficient of 70.00%. Other characteristics of Building: electricity, telephone, water connection, connected to sewage system. Τhe plot area is 2,440 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 1,100 sqrm. Walking distance from: bank, pharmacy, hair dresser, beauty salon, corner shop, sea/beach. View of: town. The type of road leading to the property is tarmac secondary road. There is road frontage of 35 meters. The investment is € 2,400 per covered square meter. It appears that there is 18% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 1,100 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax. This Building has title deed ready. Is on the main higway (1 m). 2nd Basement Parking for 75 cars 1st Basement 18 shops/offices 861 sqrm Ground Floor 17 shops/offices 778sqrm 1st Floor 19 shops/offices 819sqrm 2nd Floor 19 shops/offices 897sqrm 3rd Floor open plan shops/offices 1232sqrm Total 4587 sqrm

21 Property Finder Ltd, RN 1022 LN505/E