FOR SALE - €630,000 NO VAT - REF. NO. RM41532

The asset is an old single storey house in Panagia, Nicosia.

The house is adjacent to Ioanninon Street, c. 35m northwest of Larnacos and Griva Digeni Avenues junction and c. 350m east of Salaminos Avenue.

The house has an area of 105sqm and is considered obsolete with no economic value. The plot has an area is 520sqm and benefits from a c. 23m road frontage.

The immediate area of the asset comprises of residential and commercial developments that enjoys easy access towards Nicosia city center.

The asset falls within planning zone EZ-α, with building density coefficient of 200%, coverage coefficient 60%, in 8 floors and a maximum height of 31m height.

Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 07/01/2022.

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