Investment for Sale in Nicosia

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€885,000 EUR

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Ref 2273371 | Nicosia, Nicosia | Property

Currency services provided by Excel Currencies 885,000 EUR  |  Approx.£762,074 GBP  |  Approx. US$947,127 USD
  • Type: Investment
  • Location: Nicosia
  • Province: Nicosia
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

The property is an incomplete building in Latsia, Nicosia with built area of 1,200 sqm and land area of 1,558 sqm

It is located 150m east of Demetris Stavrou Avenue and ca. 300m south of the Agios Georgios church.

The building comprises of two one-bedroom apartments of 69sqm, four two-bedroom apartments of 84sqm and two three-bedroom apartments of 96sqm, for a total of eight apartments over 2 floors. Each apartment has the right of use of one parking space and a storage room on the ground floor.

The immediate area of Latsia municipality area is one of the most populated areas in Nicosia, rapidly developing both commercially and residentially, with supermarkets, retail shops and food and beverage venues along Demetris Stavrou Str.

The main road continues north towards Nicosia, passing through Mall of Nicosia, IKEA and the Nicosia general Hospital, and south towards the Nicosia – Limassol motorway via the Sporting Club and the Latsia/Geri industrial zones.

The property is zoned as Κα6 (residential) with 90% building density, 50% coverage, 2 floors and a maximum height of 10m.

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