The property comprises a 33% share of a residential field with a total land area of 3,837 sq.m., corresponding to approximately 1,279 sq.m., situated in a prime location in Strovolos, Nicosia.

The field benefits from a regular rectangular shape and a flat topography, characteristics that enhance its development potential and flexibility in planning.
It enjoys direct access via a registered road with a total frontage of approximately 54 m., offering excellent accessibility and visibility.

The subdivision of the field to three (3) plots is in progress. (AX4060\/2024)

The property is strategically positioned approximately 300 metres south of Strovolos K-Cineplex Nicosia and around 50 metres northeast of Archbishop Makarios III Technical School, placing it within a well-established residential area with strong demand, proximity to key amenities, educational facilities, and main arterial roads.

Overall, this asset represents an attractive opportunity for residential development or a long-term investment value, in one of Nicosia\u2019s most sought-after suburban locations.

The property falls within Zone \u039a\u03b18, with a building coefficient of 60%, coverage of 35%, and permission for 2 floors (8.3m) of construction.

Title deed in place that represents the 1\/3 share of the land.","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio Management Holdings Limited.","The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.