FOR SALE - €100,000 NO VAT - REF. NO. RM41048

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

The asset has a land area of 164sqm. The house was a traditional building, constructed with stone and mud clay bricks that has collapsed. 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.