Residential Development opportunity in Geri, Nicosia – id S45254

80% share, approximately 1.546 sq.m. out of total 1.933sq.m., of a residential complex corresponding to two houses and approximately 850 sq.m. of land in Geri, Nicosia.andlt;br /andgt; The property is an ideal investment opportunity for developing an additional 5 houses or for dividing into plots, subject to renewing and acquiring the relevant permits, andlt;br /andgt; House no. 2 is a semi-detached house consisting of an open plan living and dining area, a kitchen with a secondary sitting area leading to a veranda and a guest toilet. andlt;br /andgt; The first floor consists of 3 bedrooms of which the master bedroom is en-suite, a balcony, and a shared bathroom with toilet. andlt;br /andgt; Additionally, there is covered parking area, covered and uncovered verandas.andlt;br /andgt; House no. 7 is also a semi-detached house consisting of an open plan living and dining area, a kitchen with a secondary sitting area leading to a veranda and a guest toilet. andlt;br /andgt; The first floor consists of 4 bedrooms of which the master bedroom is en-suite, a balcony, a kitchenette and a shared bathroom with toilet. andlt;br /andgt; The basement includes a living room, a kitchen, a bathroom with toilet, a large storage room, a smaller storage room, an boiler room, and a veranda. andlt;br /andgt; Additionally, there is covered parking area, covered and uncovered verandas.andlt;br /andgt; The asset is located approximately 1km from Geri community center and approximately 5km from A1 motorway.andlt;br /andgt; The property falls within Zone Κα6, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.andlt;br /andgt; A distribution agreement is in place .