Sold : Building - Konia - €535,000

The property is an incomplete two storey residential block developed into two adjacent plots, located in Konia, Pafos. The designs are for 11 residential units and two retail units and parking places.

The property abuts Demetraki Savva Street on its southern boundary and a secondary public registered asphalted road to the north. The asset is located circa 300m southwest of Konia village church and 1km from Archbishop Makariou Avenue and is 2km from the Paphos – Limassol motorway.

The surrounding area is residential and predominately consists of two-storey houses of mainly good quality and condition. The area is considered to be an attractive residential one due to its close proximity to the city center, pleasant views and access to the surrounding area.

Construction works were commenced and the structural frame has been developed without having acquired a building permit. At a later stage additional structural related works were commenced, including construction of transfer beams, reinforcement of the beams and columns constructed during the first phase. Mechanical and Electrical provisions have yet to be implemented externally and a lift shaft must be developed by modifying one of the two staircases. These factors have all been factored into the asking price.

The property is zoned Eβ & Kα6α (Residential) with a building density of 90%, coverage of 50% and maximum height of 10m over 3 floors.

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