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Given the property's size and existing structure, there are numerous possibilities for redevelopment, including commercial offices (highway visibility in Agios Athanasios, next to the roundabout), student studios (all rooms are currently ensuite) or even residential apartments approx 400sqm available per floor. Potential buyers and investors could also explore the possibility of developing the adjacent plot of land which builds an additional 900sqm
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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