Incomplete Development – Tseri, Nicosia

Incomplete development in Tseri Municipality, in Nicosia District, at approximately 40 meters north of Kosta Misiouli Avenue and approximately 420 meters northwest of Tseri Primary School. Incomplete development in Tseri Municipality, in Nicosia District, at approximately 40 meters north of Kosta Misiouli Avenue and approximately 420 meters northwest of Tseri Primary School. The property is situated close to all necessary amenities and services. In addition, it enjoys good access to the neighboring communities and municipalities. The development consists of 4 two-storey semi-detached houses.  All the residences consist of the ground floor of a single living-dining room with a kitchen and a wc, while on the first floor there are two bedrooms, a bathroom with wc and veranda. House no. 1 is at the stage where the foundation and ground floor pillars have been constructed. House no. 2 is at the stage where the foundation and ground floor roof, ground floor and first floor pillars, and a very small part of the ground floor masonry have been constructed. House no. 3 is at the stage where the foundation, the roof, the pillars of both floors, and a very small part of the ground floor masonry have been constructed. House no. 4 requires exterior and interior plastering and painting to be fully completed. The areas of the residences are as follows: Area of House 1 (northern border): 134 sq.m. Area of House 2 (central - northern border): 144 sq.m. Area of House 3 (central - southern border): 140 sq.m. Area of House 4 (southern border): 140 sq.m. Total Area of 4 Houses: 558 sq.m. Noted that the property is occupied. It is considered as an appealing investment opportunity. 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).