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The property for sale concerns 2 agricultural fields, in Kato Koutrafas community of Nicosia district. It is situated at a distance approximately 1.6 km southwest of the community center and approximately 20 m east from Troodos - Nicosia road connection. The property for sale concerns 2 agricultural fields, in Kato Koutrafas community of Nicosia district. It is situated at a distance approximately 1.6 km southwest of the community center and approximately 20 m east from Troodos - Nicosia road connection. As a single unit, It has an irregular shape and an inclined surface. It abuts onto a public registered road along its northwestern boundary with frontage of approximately 37 meters. The properties fall within the Agricultural Zone Γ3, having a building density of 10%. It has to be noted that within the property there are high voltage cables passing through the field. The properties are sold as a single unit with total area of 38.415 sqm. 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 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).
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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