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16 bedroom Investment in Nicosia, Nicosia

Nicosia, Nicosia, Cyprus

ID 221400
For Sale 916,500
  • 1069 m2
  • 1222 m2
  • 16
  • 16

PROPERTY FEATURES

Property Type Investment  
Covered Area 1069m 2  
Plot 1222  
Bedrooms 16  
Bathrooms 16  
Indoor Facilities
Outdoor Facilities

Description

This asset is the incomplete three-storey residential building in Geri, Nicosia.
The building comprises of 16 apartments. The first and second floors are identical and comprise of 2 two-bedroom apartments and 4 one-bedroom apartments on each floor, while the third floor comprises of 4 two-bedroom apartments.
Each apartment has the right of use of one covered parking space and one storage room on the ground floor
The apartments consist of an open plan living/dining room and kitchen, one or two bedrooms (in which the one is en-suite) and a bathroom
The two apartments on the third floor, which are positioned at the front part of the building, have the right of use of a rooftop garden.
The building is at the stage of plastering in the interior and painting on the exterior.
The wider area of the property is a quiet area mainly developed with residential units, such as apartments and houses.
The asset falls within planning zone Kα5, with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 11.3m.

PLUS V.A.T

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