Investment land in Strovolos

4,750,000 €

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Key project parameters

Project description

This asset comprises of two adjoining fields in Lakatameia, Nicosia. The asset has a total area of 14,620 m² and has a flat even surface. The asset is accessed via an under registration road. The immediate area consists of both commercial and residential developments. It enjoys good accessibility due to its proximity to the Strovolos — Lakatamia roundabout. The asset falls within the two planning zones: - 13,017 m² fall within residential planning zone Κα8 with a maximum building density coefficient of 60%, a land coverage coefficient of 35%, 2 floors and 10m height. - 1,603 m² fall within commercial planning zone Εβ3 with a maximum building density coefficient of 160%, a land coverage coefficient of 50%, 6 floors and 24m height.

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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