New For Sale €495,000 Building Egkomi Nicosia

Information from owner
Building with title deed, mixed residential/commercial, with built area of 272 sqrm, area 558 sqrm, in the area of Egkomi within Nicosia district. It is within close proximity to: State Fair (Cyprus Expo). Main features include: Store room, basement. The Energy Efficiency Class of the building is D. The Building was constructed in 1977. The plot characteristics are: within planning zone Ka 5, has a build coefficient of 100.000% with covered coefficient of 50.00%, maximum building permissible height 13.50 meters, and maximum number of floors 3. Τhe plot area is 558 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 286 sqrm. Zone: Mainly residential area The type of road leading to the property is tarmac secondary road. The investment is € 1,820 per covered square meter. If you also take into account that you also get a plot 558 sqrm then you can better understand the value. It appears that there is 51% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 286 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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