2,750 SQM Residential Land for sale in Lakatamia, Nicosia

This asset is a 1/2 share of a field in Lakatamia, Nicosia. The asset is located c. 465m northeast of Strakka Lake and c. 50m west of Archiepiskopou Makariou III Avenue. The asset has an area of c. 2,750sqm (1/2 share of 5,499sqm) and benefits from c. 10m road frontage along a registered road on its northeast border. A distribution agreement is in place. A proposed road network affects the asset. Once the road network design is finalized, the area of the asset is estimated to be c. 1,260sqm. It has the potential to be covered by all utility services (electricity, water and telecommunication). The immediate area comprises of residential and commercial developments. The asset falls within residential planning zones: - 3,024sqm within zone Κα6 with 90% building density, 50% coverage, 2 floors and a maximum height of 10m. - 2,475sqm within zone Κα7 with 80% building density, 45% coverage, 2 floors and a maximum height of 10m. Reg. No.: 5/257 (1/2 share) All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.