Description

This asset is an incomplete residential development comprising of 12 semi-detached houses and the adjacent empty plot with an area of c. 605sqm that was planned to be developed with five houses, in Argaka, Paphos.

The asset is located c. 400m west of Argaka’s primary school and 1km east of the sea.

The asset is part of the residential complex “Artemis village”. It comprises of 12 incomplete semi-detached houses. Each house has an area of c. 117sqm. According to the architectural plans, each house comprises of an open plan living/dining room and kitchen with a fireplace and a guest toilet on the ground floor. On the first floor, there are three bedrooms (one of which is en suite) and a bathroom. Each house will feature a roof garden and parking space.

The surrounding area of the property comprises of residential developments and undeveloped parcels of land that enjoys great accessibility.

The asset falls within two residential planning zones:

- Planning zone H2, with a building density coefficient of 90%, coverage coefficient of 50%, 2 floors and a maximum height of 8,3m.

-Planning zone H3, with a building density coefficient of 60%, coverage coefficient of 35%, 2 floors and a maximum height of 8,3m.

Owner: Olisto Properties Limited

Reg. No.: 0/3297 (4483/6773 share. A distribution agreement is in place.)

EPC: Not Applicable

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