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A residential plot of land, ideal for the construction of an apartment building, is located in the Nicosia district and specifically in the rapidly developing area of Kokkinotrimithia.
The property is for sale by Altamira Real Estate through its website, www.altamirarealestate.com.cy, at the very attractive price of €95,000, and is located in close proximity to the "Nicosia Mall" shopping centre and the open-air shopping and entertainment park "Neo Plaza".
This is an area that in recent years has experienced rapid commercial and residential development. On the one hand because it offers more affordable housing solutions compared to the centre of Nicosia and on the other hand because it offers its residents a wide range of services and amenities.
In addition, large chains of companies have settled in Kokkinotrimithia in recent years, such as the new large store of Fournas Zorpas. At the same time, several companies are based in Kokkinotrimithia, such as Frou Frou and Papafilipou Ice Creams, while new dynamics will be added to the area by the large development that is currently underway and concerns the transformation of the old building of the Pancyprian Bakery Company. The building is expected to serve as a warehouse and sales and distribution point for wines and/or other products of Wine Land - Domaine Vassiliadis.
Construction of an apartment building with seven apartments Income up to €40.000 per month
The residential plot that Altamira Real Estate is offering for sale is located on Andromache Street, near the 1st Primary School of Kokkinotrimithia.
The property has an area of 612 sq.m, It is adjacent to a public road with a frontage of about 46 meters and is suitable for individuals as well as land development entrepreneurs.
It is an ideal choice for the construction of a two-storey block of seven apartments of two and one bedrooms with covered parking spaces on the ground floor, offering high returns to the potential owner.
It is an ideal choice for the construction of a two-storey block of seven apartments of two and one bedrooms with covered parking spaces on the ground floor, offering high returns to the potential owner. Indicatively, according to research, similar type apartments in the area can be rented for €500-600/month, yielding the investor up to €40,000 total monthly income.
The first opening of bids will take place on Tuesday, February 15 with a submission deadline of 10am.
Please note that according to Altamira Real Estate's procedure, when it comes to indicative prices, interested buyers have the possibility to submit offers with a lower price than the one indicated, with the property being awarded to the bidder with the highest offer.
Now you too can be the first to be informed about the exclusive offers of Altamira Real Estate. With just one click here, sign up to receive the Company's specialized newsletter. For more information the public can visit AltamiraReal Estate or contact the call centre at 8000 8200 and/or 22 696 500, Monday to Friday between the hours of 8am and 8pm.a.m. and 5 p.m.
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