For Sale

Incomplete six-storey mixed-use building in Larnakos Avenue, Nicosia

Property: 6676

€1,100,000

Status: Available

Building Area: 1,044m²

Covered Verandas: -

Uncovered Verandas: -

Land Area: 654m²

Bedrooms: 20

Bathrooms: 12

No of Parking spaces: 18

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Description

The asset is a 6-storey mixed-use incomplete building by Larnakos Avenue, in Nicosia. It is located a few meters northwest from the Larnakos Avenue and Markou Drakou and Digeni Akrita (traffic lights) and within walking distance from Famagusta gate. The construction of the incomplete building started in 2013, standard concrete construction and estimated works completed up to 65%. The building comprises of 3 shops with mezzanine on the groundfloor and 12 apartment units (3 on the first, second and third floor, 2 on the fourth floor and 1 on the fifth). Due to the plot's large road frontage (c. 20m), the asset enjoys good visibility. It is abutting Larnakos Avenue with a frontage of 20m. The immediate area is characterised mainly by commercial and residential developments and uses along the Avenue and by residential developments (apartments and houses) on parallel streets and side streets.
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Features

Land Registry

District: Nicosia
Municipality / Community: Nicosia Municipality
Reg.No: 2/1245
Sheet: 21/470401
Quarter: Panagia
Block: 10
Parcel: 946
Zone: ΕΖ-α
Title Deed: Yes
VAT: Yes

Areas

Total Covered Area: 1,358m²
Land Area: 654m²

Further Features

Bedrooms: 20
Bathrooms: 12
No of Parking spaces: 18
No.of Floors: 6

Town Planning

Town Planning Zone: Residential
Building Density: 200%
Coverage Ratio: 60%
Max Floors: 8
Max Height: 31m

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