Block of flats for sale in Kapparis, Famagusta

Two-storey block of flats in Paralimni Municipality, in Famagusta District. It abuts Christou Tsiarta Street, approximately 200 meters northeast of Famagusta Police Headquarters and approximately 400 meters north of D’ Primary School of Paralimni. The property is situated close to all necessary amenities and services; while having excellent accessibility to the motorway and the neighboring villages and municipalities. The building was constructed around the year 1991 and it is in an average state of maintenance. The property comprises a piloti with parking spaces, four flats on the 1st floor and four flats on the 2nd floor. The building has in total eight (8) flats, five (5) flats of two-bedroom varying from 56sqm – 68sqm and three (3) flats of one-bedroom approximately 45sqm. The apartments have similar designs and layouts which consist of a kitchen, living room, bathroom, two or one bedroom, and covered veranda. The total internal space area is 430sqm (approx.), the covered verandas are 20sqm (approx.) and the covered verandas are 32sqm (approx.). The key advantage of this property is that the whole building is being sold and it is considered as an ideal choice for investment. The building is partially vacant as flat no. 1, 2, 3, 4, 6, and 8 are vacant. It is noted that the remaining units (flats 5 and 7) are occupied.

Title deed: The property has a separate title deed
Year built: 1991
4 flats on the first floor and 4 flats on the second floor
Total internal space area (approx.): 430 sqm
Total Covered verandas area (approx.): 20 sqm
Total uncovered verandas area (approx.): 32 sqm
Plot: 523 sqm

BUILDING COEFFICIENTS:
Planning zone: Κα8
Building Coefficient: 60%
Coverage Coefficient: 35%
Maximum Floors Allowed: 2
Maximum Building Height (m): 8,30