28,987 SQM Residential Land for sale in Pigenia, Nicosia

This asset comprise of three adjoining fields in Pigenia, Nicosia. The asset is located c. 800m southwest of Kato Pyrgos fishing shelter and c. 300m south of Pomos – Kato Pyrgos coastal road. The asset has a total are of 28,987sqm. The three fields along with a fourth adjacent field (not part of the asset for sale) are under a land division process. According to the distribution agreement once the division process is complete the three fields will translate to 30 residential plots. The plots will have an average area of 620sqm and will benefit from a road frontage. The immediate area comprises of undeveloped parcels of land and some scattered residential developments. The asset falls within residential planning zone H4 with 40% building density, 25% coverage, 2 floors and a maximum height of 8,3m. THE PRICE IS SUBJECT TO VAT. Owner: Kermia Limited Reg. No.: 0/6219 (10,703sqm), 0/4954 (17,726sqm), 0/6254 (558sqm) All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.