FOR SALE - €127,000 NO VAT - REF. NO. RM40886
The asset is a single storey listed house in Nempetchane, Nicosia.
The asset has a land area of 181sqm. The house is a traditional building, constructed with stone and mud clay bricks and has partially collapsed. The facade and two arches remained intact. Potential buyers can claim a subsidy for restoring the structure and can transfer any unexhausted building density.
The immediate area of the property is within the old city walls of Nicosia comprising of listed buildings of residential and commercial use and is the traditional commercial center of Nicosia.
The asset falls within planning zone Kα-α, with building density coefficient of 140%, coverage coefficient 70%, in 2 floors and a maximum height of 8m height.