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The property under consideration is an apartment on the second floor of a residential building known as "Rotos Court" located in Aglantzia, Nicosia. The apartment comprises of an open plan living / dining room, a kitchen, 3 bedrooms, a main bathroom, covered and uncovered terraces. Furthermore the apartment has exclusive right of use of a covered parking (no.11) and a storage room (no.4) on the ground floor. The asset is located about 130m south of Larnakos Avenue, and about 1.2km northwest of the Philoxenia Conference Centre. The property falls within Zone Κα4, with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction. There is a separate title deed for this property.
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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