Residential Building

This asset is an incomplete residential development comprising of five villas and a shop in Agia Marina Chrysochous, Paphos. The asset adjacent Democratias Avenue, c. 100m east of the sea and c. 900m south of Agia Marina church. The incomplete shop has an area of c.18sqm and is adjacent to the coastal road. Four of the five villas are identical with an area of c. 120sqm. Each house consists of an open plan kitchen, living/dining room, a bedroom and a shower room on the ground floor and two en-suite bedrooms on first floor. The fifth house will have an area of 138sqm and consist of an open plan kitchen, living/dining room, one bedroom, and a shower room on the ground floor and two en-suite bedrooms on first floor. Currently the four identical villas have completed plastering phase on the ground floor while on the first floor is at the bricks phase. The fifth villa is at the foundation phase. The surrounding area of the property comprises of residential developments and undeveloped parcels of land that enjoys good accessibility. The asset falls within residential planning zone H2, with a building density coefficient of 90%, coverage coefficient of 50%, 2 floors and a maximum height of 8,3m.