€197,000 + VAT
1/2 share of a field in Lakatamia, Nicosia.
The field has an area of 2,750sqm (1/2 share of 5,499sqm) and 10m road frontage along a registered road on its northeast border. A distribution agreement is in place. A proposed road network affects the asset. Once the road network design is finalized, the area of the asset is estimated to be c. 1,260sqm.
It has the potential to be covered by all utility services (electricity, water and telecommunication).
The immediate area comprises of residential and commercial developments.
It falls within residential planning zones:
– 3,024sqm within zone Κα6 with 90% building density, 50% coverage, 2 floors and a maximum height of 10m.
– 2,475sqm within zone Κα7 with 80% building density, 45% coverage, 2 floors and a maximum height of 10m.