New For Sale €290,000 Building Geri Nicosia

Information from owner
Building with title deed, mixed residential/commercial, with built area of 360 sqrm, area 504 sqrm, in the area of Geri within Nicosia district. The Energy Efficiency Class of the building is D. The Building was constructed in 1979. The plot characteristics are: within planning zone Pa 8 (3), has a build coefficient of 120.000% with covered coefficient of 70.00%, maximum building permissible height 8.00 meters, and maximum number of floors 2. Τhe plot area is 504 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 245 sqrm. 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. The type of road leading to the property is tarmac secondary road. The investment is € 761 per covered square meter. If you also take into account that you also get a plot 504 sqrm then you can better understand the value. It appears that there is 40% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 245 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.

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