Residential Development for sale in Paralimni, Famagusta

Two-story block of flats in Paralimni Municipality, in Famagusta District. It abuts Aiolias street Street, approximately 170 meters north of Paralimni Stadium «Tasos Markou» and approximately 650 meters east of 1st of April Avenue. 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 is split into block A (east part) and block B (west part) which was constructed around the year 1990. The property comprises one (1) ground-floor house and three (3) apartments in block A and four (4) apartments in block B. The ground floor house (No. K) consists of a living, a kitchen, a bathroom with a toilet, three bedrooms, and a covered veranda. Six (6) out of seven (7) apartments have a similar design and layouts which consist of a kitchen, living room, bathroom, two bedrooms, and covered veranda. The apartment (No.3) consists of an open-plan living/kitchen area, a bathroom, one bedroom, and a covered veranda. The total internal space area is 520sqm (approx.) and the covered verandas are 75sqm (approx.).The key advantage of this property is that the whole building is being sold and it is considered an ideal choice for investment. The building is partially vacant as flats no.2, 5, and 7 are empty. It is noted that the remaining 5 units are occupied but there is an eviction notice on 29/12/2022.

Planning zone: Κα6
Building Coefficient: 90%
Coverage Coefficient: 50%
Maximum Floors Allowed: 2
Maximum Building Height (m): 10