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The asset is a registered plot of land extending to about 550 sq.m. in total. It features a rectangular shape with smooth, level surfaces at the street level. It occupies a continuous position and abuts a registered constructed road along its northern side, with a street frontage of approximately 25 meters. Within the property under study, there are structures of low commercial value, which are disregarded for this study. The subject plot is considered vacant and available for development. The asset is located on Archiepiskopou Makariou III St. The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.
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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