2,174 SQM Residential Land for sale in Latsia, Nicosia

The property is a 50% share of a field in Latsia, Nicosia. The field is located c. 500m south-west of Lemon Park, c. 1km south of GSP stadium, c. 400m east of the Senior School and c. 600m west of the Nicosia – Limassol Highway. The property totals 4.348sqm (BOC owns 50%, no distribution agreement in place) and has a rectangular shape and a smooth flat surface. The field is accessible from a temporary road access generated for a nearby land division. The asset has the potential to be covered from all utility services (electricity, water and telecommunications). The immediate area can be characterized mainly as residential as it is surrounded by several high – end residential developments along with many unutilized parcels of land. The property falls within the residential planning zone Kα8 with a building density coefficient of 60% and a coverage coefficient of 35%, over 2 floors and 10m maximum height. THE PRICE IS SUBJECT TO VAT. Reg. No.: 3/268 (BOC ownership 50%) All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.