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Shared Incomplete Residential Development in Avgorou, Famagusta

Ref No: 4076

€ 280,000

Description

This asset is an 83% share of an incomplete residential development in Avgorou. The asset is located 800m from the centre of the community and 1.1km from the Avgorou Primary School. The development currently comprises of four incomplete houses with planning permit for 18 houses.
All 18 houses will have an area 106sqm and will consist of an open plan living/dining room and kitchen, guest toilet and a bedroom on the ground floor and two en-suite bedrooms on the first floor.

Main Features

VAT
Yes
Occupied
No
Status
For sale

Other Features

Land Registry

District
Famagusta
Community
Avgorou
Reg. No.
0/6673
Sheet/Plan
0-2-277-379
Parcel
412
Zone
H2

Areas

Covered Area
400 m2
Land area
6,432 m2

Town Planning

Town planning zone
Residential
Building density
90 %
Coverage ratio
50 %
Max floors
2
Max height
8.30 m
Shared
Yes
Shared percentage
83 %

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

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