FOR SALE - €1,200,000 PLUS VAT - REF. NO. RM29450

This asset consists of four fields in Geri, Nicosia.

The fields are located c. 570 m northwest of Ilias Poulos sports centre and c. 1.5km northwest of Geri town hall.

The assets have a total area of 12,841sqm (reg. no. 2/773 3,577sqm, reg. no. 2/195 4,850sqm, reg. no. 2/194 2,351sqm & reg. no. 2/193 2,063 sqm). A non-registered road abuts fields with reg. no. 2/773 & 2/195 whereas fields with reg. no. 2/194 & 2/193 are considered landlocked.

The wider area is comprises of residential developments, detached and semi-detached houses.

The asset with reg. no. 2/773 falls within triple planning zone:
- 61% within residential planning zone Κα8 with 60% building density, 35% coverage, 2 floors and a maximum height of 10m,
-14% within planning zone Δα2 with 1% building density, 1% coverage, 1 floor and a maximum height of 5,5m,
-25% within planning zone AZ with 1% building density and 1% coverage.

The asset with reg. no. 2/195 falls within double planning zone:
- 98% within residential planning zone Κα8 with 60% building density, 35% coverage, 2 floors and a maximum height of 10m,
-2% within planning zone Δα2 with 1% building density, 1% coverage, 1 floor and a maximum height of 5,5m.

Assets with reg. no. 2/194 & 2/193 fall within residential planning zone Κα8 with 60% building density, 35% coverage, 2 floors and a maximum height of 10m.

The assets have the potential to be covered from all utility services (electricity, water and telecommunications).

THE PRICE IS SUBJECT TO VAT

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