New For Sale €520,000 Building Latsia (Lakkia) Nicosia

Information from owner
Building mixed residential/commercial, with built area of 445 sqrm, area 514 sqrm, in the area of Latsia (Lakkia) within Nicosia district. It is within close proximity to: Saint George Church (Latsia). The Energy Efficiency Class of the building is C. The Building was constructed in 1992. The plot characteristics are: within planning zone Eb3, has a build coefficient of 160.000% with covered coefficient of 50.00%, maximum building permissible height 24.00 meters, and maximum number of floors 6. Τhe plot area is 514 square meters. After getting relevant permits from the local authorities, you can build an additional building of total area 377 sqrm. Zone: Commercial 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. The investment is € 1,169 per covered square meter. If you also take into account that you also get a plot 514 sqrm then you can better understand the value. It appears that there is 46% of build coefficient that has not been utilised. With the right permits, this may represent a possible additional 377 sqrm of extra build opportunity for you. Please ask for more information on this. The property has no VAT tax.

21 Property Finder Ltd, RN 1022 LN505/E