Real Estate For Sale: New Build Commercial-Retail in Aglantzia Nicosia Cyprus

Commercial for sale in Nicosia, Cyprus

The project of a student campus in Nicosia in the immediate vicinity of the University is for sale.Reasons for investing:-Walking distance from the university. In Cyprus, girls become students under the age of 18 before they can get a driver's license, so it is always preferable that the university is within walking distance.-Free tuition, so the only expense for parents is the rent for student housing.-The university is growing rapidly, and its faculties are constantly increasing. Today it has about 10,000 students, and in a few years their number may increase to 12,000.The completion of the project is planned within 24-36 months from the start date of construction.Currently, the project has planning permission, the construction permit is awaiting approval in the near future.Project figures: 22,223m² - total building area, 17,316m² - building land area, 800m² - area for shops, 16,516m² - area for apartments.Property available for purchase - 7 residential buildings and 1 commercial building: 269 one bedroom apartments with a total area of ??45 m² to 50 m² with a veranda and access to a parking lot, 55 studio apartments with a total area of ??35 m² with a veranda and access to a parking lot. Facilities: Fitness -center, Bakery and supermarket, Cafeteria, Laundry spot, Reception, Student residence management office, Pharmacy. Public areas: Amphitheater with a capacity of 250 people, Football lessons (Futsal), Landscaped green areas, Bridges, Closed roads, pedestrian areas.