Partially Completed Residential Apartments for sale in Engomi, Nicosia

Description

Partially Completed Residential Apartment Development for Sale – Excellent Investment Opportunity

A unique opportunity to acquire a partially completed residential apartment development with significant value already created. The project is approximately 50% completed and is designed for the construction of up to 20 residential apartments, offering a mix of spacious 1-bedroom, 2-bedroom, and 3-bedroom units to meet a wide range of market demand.

The development is situated on a plot of approximately 1,171 sqm and benefits from a building coefficient of 90% and a coverage coefficient of 50%. The permitted buildable area is approximately 1,054 sqm, while the proposed development includes approximately 1,049 sqm of built area, utilizing nearly 89.5% of the allowable building density. The proposed ground coverage is approximately 582 sqm, representing 49.7% of the permitted coverage.

The project allows for a maximum of two floors with a building height of up to 10 meters. The residential units have been designed as modern apartments, including 1-bedroom, 2-bedroom, and 3-bedroom layouts. The larger family apartments range from approximately 86 sqm to 106 sqm, offering generous living spaces suitable for both owner-occupiers and investors.

With substantial construction already completed, this development presents an excellent opportunity for developers, investors, and property funds seeking to reduce construction timelines and capitalize on the growing demand for quality residential housing. The combination of approved planning parameters, significant completed works, and flexible apartment configurations makes this project an attractive investment with strong potential for future returns.

For further information, architectural plans, construction details, and viewing arrangements, please contact us.
ref no MP23806P