Share of Incomplete Residential Development in Avgorou, Famagusta

Description

This asset is a 83% share of an incomplete residential development in Avgorou, Famagusta. The asset is located c.800m north east of the centre of Avgorou, 625m east of the Ethnographic Museum and 1,1km northwest of the Avgorou Primary School. The asset 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. The surrounding area of the property comprises of residential developments and undeveloped parcels of land. The asset falls within residential planning zone H2, with a building density coefficient of 90%, coverage coefficient of 50%, 2 floors and a maximum height of 8.3m.