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  • €5,000,000
    •
    CHECK IF AVAILABLE
    CHECK IF AVAILABLE
  • Development
  • For Sale 
  • Pallouriotissa, Nicosia
  • cyprus Flag Cyprus
The Project
40 studio apartments plus public areas etc (total areas 2.550 sq.m.. Title Deeds on the plot and Planning Permit available.
- Basement (345 sq.m.),
- Ground Floor naturally lighted (170 sq.m.),
- Lodgment (475 sq.m),
- 1st and 2nd Floor (765 sq.m. +765 sq.m.) ,
- Roof Access (35 sq.m.)
The project will comply approximately, 2.550 sq.m. of buildable and secondary areas, low raise building that may be translated into 40, fully furnished and equipped, studio rooms/units.
The Complex, among others, will include:
Study area, Games/recreation room, 2 Elevators, Lounge, Dining room and kitchen, Administration areas, Storage areas, Reception area/Entrance hall, Parking areas, Verandah.

The Location
- Close distance from the city center of Nicosia 2.5 km and from Cyprus University 2.5 km
- Perfect access to highway to Larnaca, Limasol and Paphos
- Distance from Larnaca International Airport 35 km
The project is conveniently located (approximately) 2.5 km eastern of the city centre and 2.5 km northern the Cyprus State University with an excellent access to the centre, the University and the highway to all towns. The area is characterized from residential developments and all amenities exist in the nearby area. The concept of the project targets the raising demand for student accommodation, promising its success. A modern design of premises along with facilities designed to provide comfort to its habitats/users.

The Market
The Complex is mainly targeting students whom they are interested to have quality accommodation in a quiet and developing area at a short distance to private and state universities and the city.
The student housing demand in Nicosia has an increasing trend the past decade with the student population to be increased the next years.

Completion
The completion of the project is estimated at 18 months after the agreement.

Acquisition Options
The acquisition of the property will include gradual payments as per the development. According to the acquisition method, VAT may apply on the project.

The project is eligible for the Citizenship scheme (EU passport).
The Project
40 studio apartments plus public areas etc (total areas 2.550 sq.m.. Title Deeds on the plot and Planning Permit available.
- Basement (345 sq.m.),
- Ground Floor naturally lighted (170 sq.m.),
- Lodgment (475 sq.m),
- 1st and 2nd Floor (765 sq.m. +765 sq.m.) ,
- Roof Access (35 sq.m.)
The project will comply approx...
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