Description

The “10 Assets at Reduced Prices” relate to promotional reduced prices on certain assets. Offerors will need to execute a relevant agreement within 15 working days with 25% down payment and with conclusion of the asset sale within 21 working days from signing date. The prices are firm and final and only offers at these fixed levels will be accepted.

Asking Price: €95.000 - Promotion Price: €72.000

Interested buyers may consider funding from Bank of Cyprus under the various Housing and other loan products offered by the Bank.

https://www.bankofcyprus.com.cy/en-gb/Personal/loans

For more information on funding please contact: +357-22-127878 for Nicosia, +357-24-144811 for Larnaca and Famagusta and +357–25-155394 for Limassol and Paphos.

This residential plot of 614 sqm is located in the Agios Georgios Area of Latsia, Nicosia.

It is located approximately 260m east of Archbishop Makariou III Avenue, 240m north from the A & B Elementary school and 325m southeast from the Agios Eleftherios Church.

The plot of land has an flat even surface, a rather rectangular shape and road frontage of 22m along Christodoulou Egglezou Street.

50% of the plot is owned by BoC (307 sqm), a distribution agreement is in place.

The property has the potential to be covered by all the utility services.

The wider area comprises mainly commercial developments along Makariou Avenue and unutilised plots of land.

The wider area has experienced significant levels of growth the past few years, driven from the development of residential units as well as the construction of landmark buildings such as Leroy Merlin, the Mall of Cyprus and IKEA.

The field is zoned as Kα5 (residential) with 100% building density, 50% coverage, 3 floors and a maximum height of 13,5m.

Ownership held by BoC: 50% - 307 sqm of 614 sqm.

THE PRICE IS SUBJECT TO VAT.

Reg. No. : 2/1874

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Additional Details