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The asset is a mixed-use building in Trypiotis quarter located at the corner of Menandrou and Themistokli Dervi streets, 270m east of the Ministry of Interior, 150m south of the old a€˜GSPa€™ area, and 420m southwest of the revamped Eleftheria Square. The building comprises of 2 basements with parking spaces, 2 shops with mezzanine on the ground floor, 2 offices on the 1st and 2nd floor respectively and 36 apartments over 2nd - 7th floors. The asset is built within two plots with a total area of 1674sqm and is within walking distance from Nicosia's main commercial Streets, Makariou and Stasikratous Streets and Nicosia's old town. The surrounding area features multi-storey buildings with shops, restaurants and offices occupied by multinational organizations as well as various governmental departments and Ministries.
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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