Commercial property / Никосия
Residential Building for sale in Nicosia.
Total plot size is 558 sq.m.Is located in the western end of the Nicosia region, approximately 200m from the 28th October avenue, which is one the key commercial arteries of the capital comprising a number of retail shops, Mall of Engomi, restaurants, artisan cafes, bars, boutique shops and many others are right at your footstep.
The area features all other amenities such as schools, universities (Nicosia and European University) hospitals and hotels with-in walking distance or 2-5 minute drive.
It is 3 floor building with initial planning of 2 two bedrooms 2 three bedrooms and one four bedrooms apartments.
Rent is supposed for the 4 bedroom €2.100, for the 3 bedroom €1.700 each and for the two bedroom €1.100 each, so 6 %.
According to the Nicosia town plan plot falls within the ka5 planning zone which is designated for residential development and has a building coefficient of 1,00:1. The total building coefficient of the development was estimated at 558 sqm and covered verandas 120 sq m.
The 3 bedroom flats are of 108,18sq m covered area and 25,46 covered veranda, common area 10,44 and store 1,85 so total area is 145,93 sq m.
The 2 bedroom flats are of 81,50 covered area, 23,90 covered verandas, 7,86 common area and 2.93 store with total area 116,19 sq m.
The 4 bedroom flat is of 123,90 covered area, 35,79 covered veranda, 27,05 uncovered veranda, 19,14 common area and 14,30 store with total area 220,18 sq m.
Price €1.500.000 plus VAT.
Delivery is summer 2019.