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This asset is a hotel in Pyla, Larnaca.
The asset comprises of a main building which includes the common areas of the hotel and 130 rooms, two blocks of bungalows of 58 rooms in total, a swimming pool and other hotel facilities. It is adjacent to a beach front on its south boundary and a public green area on its west boundary.
The immediate area of the property comprises of commercial and touristic developments as well as undeveloped parcels of land.
The asset falls within two planning zones:
- ‘96% share’ T1γ(Ε) with building density coefficient of 45%, coverage coefficient 25%, in 2 floors and a maximum height of 10m.
- ‘4% share’ Eβ with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 14,3m.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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