Investment land in Nicosia

4,600,000 €

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Key project parameters

Project description

This is consists of 15 adjoining fields in Pigenia, Nicosia District. It totals 230,448sqm, has an irregular shape with sloping surfaces and benefits from a nice view of the surrounding area and sea. Four of the fields are adjacent to the coastal road while the other 11 are landlocked. The immediate area comprises of forest land and undeveloped parcels of land, as well as some scattered residential developments. It falls within two planning zones 39,542 m² fall into H5 with 30% building density, 20% coverage, 2 floors and a maximum height of 8.3m 190,906 m² fall into Γ3 with 10% building density, 10% coverage, 2 floors and a maximum height of 8.3m

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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We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment

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