Residential Development Land in Latsia Nicosia

Information from owner
Properties listed with a Reserve Price indicate that the Seller reserves its right to not accept offers below the specified price. All offers must exceed the Reserve Price. While lower offers may be submitted they are unlikely to be considered by the Seller. This expansive residential field offers a significant development footprint of approximately 6 136 sq.m. in the high growth Latsia Municipality of Nicosia. Perfectly positioned for development the property offers easy access via a registered asphalt road along its eastern boundary featuring a 6.5m frontage. The property is perfectly situated for modern living located just 850m from the Nicosia Larnaca Limassol highway. This provides unparalleled access to the capital s city center and the island s primary coastal routes. The field features a 6.5m frontage onto a registered asphalt road along its eastern boundary ensuring immediate access for development. Development Specifications Falling within the Residential Zone 9 the land is ideal for a medium density project Building Coefficient 40 Coverage 25 Construction Height 2 Floors 10m The property is held within a Special Purpose Vehicle SPV . Acquiring the company shares results in no Transfer Fees and no VAT being applicable to the transaction.