Investment land in Lakatamia

1,000,000 €

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Key project parameters

Project description

This asset consists of three adjoining commercial fields in Lakatamia municipality, Nicosia. The three fields have an area of 662sqm, 607sqm, and 575 m² for a total area of 1,844 m² and a combined road frontage of c. 75m along Archebishop Makariou Avenue. The fields have a regular shape and a flat surface. The immediate area comprises of residential developments as well as undeveloped parcels of land. The area benefits from very good accessibility towards Nicosia city center and all the main municipalities of the city. The asset is covered by all utility services (water, electricity and telecommunication). The asset falls within commercial planning zone Εβ5 with 120% building density, 50% coverage, 3 floors and a maximum height of 13.5/11.3m.

Tenants

Agreement: n/a

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annual yield: From 15-17%
investment exit horizon: 2–3 years
full support at every stage: Turnkey deal

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