Residential Development for sale in Paralimni, Famagusta

Two-storey block of flats in Paralimni Municipality, in Famagusta District. It is situated at a distance of 130 meters (approx.) southwest of “LIDL” supermarket and 280 meters (approx.) west of 1st of April Avenue. The property is ideally situated close to many amenities and services such as supermarkets, shops, restaurants, cafes, etc. In addition, it enjoys excellent access to the neighboring Municipalities and the “Protaras” tourist area. The building was constructed around the year 2010 and it comprises a piloti with parking spaces and one (1) ground floor flat, two (2) flats on the 1st floor, and two (2) flats on the 2nd floor. The building has five (5) flats with similar design and layout consisting of a kitchen, living room, bathroom, two bedrooms, and covered/uncovered verandas. It is noted that each flat has the exclusive right to use one covered parking space and a storage room on the ground floor. The internal area of flats varies from approximately 81 sqm to – 91 sqm and the covered verandas vary from 20 sqm to – 30 sqm. It is noted that flat No. 202 has also a roof garden of approximately 50 sqm. The total internal space area is 434 sqm (approx.), the covered verandas are 88 sqm (approx.) and the uncovered verandas are 74 sqm (approx.). It is noted that two flats (No. 001 & 202) are vacant, one flat (No. 102) is rented while two flats (No. 101 & 201) are occupied. The key advantage of this property is that the whole building is being sold and it is considered an ideal choice for investment with potential for high income.

Year built: 2010
Title deed: The property has a separate Plot title deed
Planning zone: Κα6
Building Coefficient: 90%
Coverage Coefficient: 50%
Maximum Floors Allowed: 2
Maximum Building Height (m): 10