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The property is a field in Ormideia, Larnaca. The field is located c. 850m southeast of Ormideia – Avgorou road network, c. 2km northeast of the nucleus of the community and c. 2.4km north of the nearest coastline. The field totals 14,192sqm with a rather square shape and a smooth flat surface and falls within the British Sovereign Bases. It benefits from c. 100m and c. 45m road frontages along registered dirt roads at its north and southeast borders respectively. The asset has the potential to be covered from all utility services (electricity, water and telecommunications). The immediate area is surrounded by undeveloped parcels along with a few residential developments in the greater vicinity. The asset falls within protection planning zone Z1 with 6% building density, 6% coverage, 2 floors and a maximum height of 8.3m.
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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