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The asset is a field within the British sovereign areas, in Xylofagou, Larnaca. The field is located c. 2,5km north of Xylofagou village and c. 1,5km northwest of Xylofagou – Liopetri road. The asset has an area of 2,015sqm and is landlocked (c. 70m east of the nearest registered road). The immediate area comprises of agricultural and undeveloped parcels of land. The property 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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