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This asset is a shop on the ground floor in Aglantzia, Nicosia. The asset comprises of an open plan retail area and sanitary areas of 54sqm and a basement used as a storage space of 14sqm. The asset benefits from the exclusive right of use of one covered parking space on ground floor. The immediate area of the asset comprises of residential developments as well as commercial developments along Ammochostou and Larnacos avenues. The area enjoys easy access to the centre of Nicosia. The asset falls within planning zone Eβ4 with building density coefficient of 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m. The shop is currently occupied.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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