Field - Latsia, Nicosia

The property for sale concerns 2 residential abutting fields, in Agios Georgios quarter, in Latsia municipality, in Nicosia District. The property  is located about 350 meters east from the motorway and approximately 175 meters south from Archiepiskopou Kiprianou Avenue. The property for sale concerns 2 residential abutting fields, in Agios Georgios quarter, in Latsia municipality, in Nicosia District. The property  is located about 350 meters east from the motorway and approximately 175 meters south from Archiepiskopou Kiprianou Avenue. The properties are ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, the properties have excellent access to the motorway and the center of the municipality. It is an excellent location which designates an increased demand for residential properties due to its attractiveness and accessibility. As a single unit, It has an irregular shape and an inclined surface. It abuts onto a public registered road (Poseidonos street) along its northeastern boundary with frontage of approximately 5 meters. Within the property, there are some old and economically obsolete buildings. It lies within the continues and core construction Zone Πα9 which allows for the development of a two-storey building with a building factor of 120%. It is also suitable for plot separation or a residential development. The properties are sold as a single unit with total area  of 782 sqm. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).