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Next Previous Altamira Real Estate: Residential field in the heart of Aglantzia with panoramic views HOME • INSIDER • CYPRUS • Altamira Real Estate: Residential field in the heart of …
A property with great development prospects, near the amphitheater “Skali Aglantzias”, has for sale the Altamira Real Estate , at the price of € 430,000
Residential field, ideal for the construction of student dormitories or apartment buildings, is located in one of the most sought after areas of the province of Nicosia and specifically in the Municipality of Aglantzia, which attracts over time large number of students, investors and companies.
The property, available for sale from Altamira Real Estate through its website, www.altamirarealestate.com.cy, at an indicative price of € 430,000, is located on a hill, near the amphitheater “Skali Aglantzias” and just 100 meters from the busy Larnakos Avenue. It stands out for its large area, which amounts to 1,427 sq.m., as well as for the fact that it is located on the borders of a protection zone, thus ensuring the privacy of its inhabitants.
Ideal for building a luxury apartment building or student dormitories b>
The property is adjacent to Michalaki Karaoli Street with a total face of about 12 meters, has a regular shape and smooth surface, while it is an ideal choice for land development entrepreneurs, as well as private investors looking for their next investment move. Undoubtedly, this is a great investment opportunity that can yield a return of close to 7%.
It gathers a multitude of comparative advantages since, among other things, it is located on a hill and offers panoramic views of the surrounding areas, while it has a high building factor (120%) that allows the construction of a two-storey building with a buildable area of about 1,300 sq.m. >
In addition, it is located in an area that has always been in high demand for the purchase of apartments and in contrast to the reduced supply of such large plots, which makes it privileged. It is, after all, one of the most popular residential areas of the capital, which has become an attraction for students since the University of Cyprus is nearby. At the same time, it enjoys excellent access to the center of the capital, the Nicosia – Limassol highway and records intense commercial and residential activity, offering a variety of services to its residents, such as banks, supermarkets, restaurants and shops.
Those interested Buyers have the opportunity to submit their offer through the appropriate procedure of Altamira Real Estate, at a lower price than the indicative one mentioned on the website. Bids must be submitted by May 31st at 10am.