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The asset is an office, in Agioi Omologites, Nicosia Municipality. It is located on Kennedy Avenue in the heart of Nicosia's commercial activity, 170m from Nikis Avenue. The office occupies the entire 6th floor of a mixed-use building known as 'Kennedy Business Center' comprising 27 offices and 1 shop. It has an internal area 450sqm, covered verandas of 24sqm and large uncovered verandas of 366sqm. It has the right of use of 31 uncovered parking spaces and 8 covered parking spaces. The immediate area of the asset comprises multi-storey buildings with shops on the ground floor and office spaces and/or flats on the upper floors. The asset is currently occupied.
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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