This asset consists of two adjacent fields located in Panagia area of Nicosia municipality in Nicosia District. The assets are located c. 150m northwest of the junction of John Kennedy and Lordou Vyronos Avenues , 190m southeast of Panagias Evangelistrias church and 1,4km northwest of the Sopaz roundabout. The assets have a rectangular shape and a flat even surface with a total area of 4,005sqm. One of the plots abuts Grigori Afxentiou Street along its west border with a road frontage of 32m and Agiou Georgiou Street along its northeast border with a road frontage of 50m. The immediate area comprises mainly of residential developments such as houses and apartment buildings as well as commercial developments like offices and shops. The property falls within residential planning zone Kα3, with 140% building density, 50% coverage, 4 floors and a maximum height of 14,3m.