Investment Opportunity in a Commercial field in Agios Georgios, Latsia, Nicosia

Ref No:
€330.000
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  • Status: For Sale
  • Property type: Land / Field
  • Property Subtype: Commercial
  • Ref. ID: 20368
  • VAT: +VAT
  • City: Nicosia
  • Area: Latsia
  • Plot / Land Area: 651 m2
  • Energy Efficiency Rating: N/A
  • Latitude: 35.11621
  • Longitude: 33.376935

Details

Commercial field extending to about 651 sq.m. is located next to Giannou Kranidioti commercial avenue at Latsia, Nicosia.
The property abuts a water stream on its western border, has a flat surface and its access is via a registered road with a total road frontage of approximately 4m.
The field benefits from an active rental agreement of a 3.2% rental yield, and a 10% increase every 2 years until 2031.
The asset falls within Zone Εβ4, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.

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