Incomplete Building in Omorfita, Nicosia

Description

The asset concerns an incomplete building in Omorfita, Nicosia. The property is located approx. 1km northwest of Bata roundabout, approx. 1km northwest of Frederick University and approx. 1km northeast of Palouriotissas Gymnasium According to the architectural plans the building is designed to consist of a ground floor parking space (274sqm.), first floor (248sqm.), second floor (248sqm.) and a third floor (220sqm.) with a total of 8 apartments . The first and second floor will consist of three 2-bedroom apartments and the third floor with two 3-bedroom apartments . The asset is located approximately 1km northwest of Bata roundabout. The property falls within Zone H1, with a building coefficient of 120%, coverage of 70%, and permission for 3 floors (11.4m) of construction.