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The asset relates to the unused development rights part of the unified development “Hill Gardens Village”, in Oroklini, Larnaca. The asset is located c. 500m north of Larnaca – Ayia Napa motorway and c. 850m west of Ormideias centre. The asset has a land area of 420sqm, with registered development rights of 1,318sqm. It has an irregular shape and a smooth flat surface. The immediate area of the asset comprises of residential developments. The asset has the potential to be covered by all utility services (electricity, water and telecommunication). The asset falls into residential planning zone H3 with 60% building density, 35% coverage, 2 floors and a maximum height of 8,3m. THE PRICE IS SUBJECT TO VAT. Reg. No.: 0/5452.
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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