✔The property is a 3% share of a field in Agia Varvara ( 1,846 sqm / 3% of 61,539 sqm ), Nicosia. It is located approximately 500m south-east from the centre of the community and approximately 2km east from Nicosia – Limassol highway.
✔The property has an irregular shape with a sloped surface.
✔The field totals 61,539 sqm and falls within three planning zones (residential Kα6 and Kα8 and agricultural Γα4) and benefits from approximately 10m road frontage along a registered road
on its south-western border.
✔The immediate area consists of several residential developments, along with unutilised parcels of land.
✔The property is partially subject to VAT (residential element only),
The asset was acquired by Themis Portfolio Management Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any property transfer fees that may be applicable.