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The property comprises four parcels of land forming one residential field with a total area of 11.587 sqm in Alambra Village, Nicosia.
The property, as a unified field, has a rather regular shape with a frontage to the road of 60 metres. Its surface is flat and even.
The property falls within the Residential Planning Zone Κα8 with a building density coefficient of 60% and a coverage coefficient of 35% over 2 floors and 10 metres height. A small area of the property falls within the Planning Zone Δα2 (protection zone) with a building density coefficient of 1% and a coverage coefficient of 1% over 1 floor and 5.50 metres height.
The immediate area near the property (mainly north) consists of a mixed use development with shops, restaurants, cafeterias, offices and houses. In the nearby area there are many agricultural fields. The property has good accessibility to the cities and to the surrounding areas due to the relatively close proximity to the Nicosia-Limassol-Larnaca motorway.
Subject to VAT.
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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