FOR SALE - €110,000 NO VAT - REF. NO. RM41047

The asset is a collapsed listed house in Faneromeni, Nicosia.

The house is adjacent to Perikleous Street, c. 220m north of Eleftherias Square, c. 200m southwest of Faneromeni’s church and c. 70m west of Ledras Street.

The asset has a land area of 174sqm. The house is a traditional building, constructed with stone and mud clay bricks and has mostly 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 two planning zones:

-Residential planning zone Kα-α, with building density coefficient of 140%, coverage coefficient 70%, in 2 floors and a maximum height of 8m height.

-Commercial planning zone ΕΖ-εν, with building density coefficient of 160%, coverage coefficient 70%, in 2 floors and a maximum height of 11,5m height.

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.