The subject property is located in the parish of Ayia Paraskevi, within the municipal limits of
Lakatamia. Specifically, the property abouts on Akadimias Street along its north-western
boundary, which is parallel to the Pedieos Linear Park. Moreover, the property is located
approximately 200 meters west from Alias Park, as well as 530 meters south-west from Spyrou
Kyprianou avenue, which consists the main road that connects Lakatamia – Strovolos
municipalities. In general, the under study property is located in in a prestigious residential
area of the municipality, with easy access to the city centre, the highway and all the necessary
services for the public, such us schools, universities, banks, hospitals, supermarkets etc. The
immediate surrounding area of the subject property is characterised by residential use
properties, such as detached and semi-detached residences, of ordinary and modern
appearance, luxury residences, empty plots and some empty residential fields.
As we mentioned above, the property under study property relates to a luxury detached
residence, which has been erected within a plot. The plot has an area of 661sq.m. and has an
almost trapezoid shape with even surface and abouts onto a registered asphalted road along
its north-western boundary, with a total frontage of approximately 24 meters. Moreover abuts
on a public green area along its southern boundary and is located across from the pedestrian
walkway of the linear park offering a direct panoramic view towards the park and the “Manglis”
lake, that no building can be erected. Moreover, a huge plot just 1km in a straight line from the
subject residence will be developed the new HADASSAH hospital / university, which will
constructed by “chapo” and will be ready in the next few years. This fact will raised the existing
prices of the area, due to the demand by the employees of the development.
Τhe under study residence has been constructed approximately in 2009 with a re-enforced
concrete skeleton and the walls are constructed with heat-insulating “yton” bricks. Moreover,
the masonry of the residence is coated with plaster and paint in the interior and exterior
masonry. It must be noted that part of the external masonry of the residence has been covered
with high quality marble. In addition, the roof of the residence is flat with concrete.
The ground floor of the residence consists of a large open plan area with a sitting room, a
kitchen with dining area, a cinema room, an office room, and a guest toilet and the upper floor
consists of four (4) large en-suite bedrooms with walking wardrobes and walking toilets. The
basement consists of a maids room with shower / toilet, a small kitchen/ laundry room, a
warehouse (cigar and wine cellar), a boiler room, an engine room and gym and pleasure area
with a sauna steamer (for two person) and a California spa (for 6 persons). The access to the
first floor and the basement is achieved through panoramic stairs and a panoramic hydraulic
lift (“orona”). In addition, it must be noted that the residence has a roof garden consists of a
shower, provision for Jacuzzi / spa, water irrigation system, water thumps space, offering a
view towards the park and the lake.
The construction of the residence is at a very high level with excellent luxury materials and
expensive finishes. The floor is covered with black Nero Marguina marble in all its forms
(antique for on verandas and exterior walls, semi-mad form on the indoor floor and stairs /
corridors and shiny form in all bathrooms and toilets). The floor in the basement and the roof
top is covered with ceramic slate in grey colour. The kitchen is made of wood with grey corian
granite worktop, consists of “gangenau” grill, two ceramic electric cookers, two gas cookers,
fryer, oven and extractor fan. The windows are double glazed – sun reflecting, heavy industrial
line aluminium frames and electric shutters externally. The interior doors of the residence are
with custom made wood with “olivari” handles all lighting fittings are Italian with LED balbs
(energy saving), all appliances category 3AAA (energy saving). The sauna room is wooden
with sauna machine “tylo”. The toilets are “flaminia”, the baths are “Philippe Starcks designs -
duravit line” and the mixers are “Hans Grohe” steel line. Moreover, the residence is served
by a fireplace “pini farina”, central heating, air conditioner “hayer inverter” in all areas, double
Jacuzzi in master bedroom, filtration and purification water system, pumps and pressuring
system, alarm system, monitoring system, CCTV system and an electric gates.
Externally the residence benefits from a yard with trees, bbq area, covered and uncovered
verandas, a salt chlorinated water swimming pool with grey puzzle ceramic and fibber optics
colour changing surrounded by waterfalls and electric/elastic cover. Moreover, the residence
offers three parking spaces.