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The property concerns a three level listed mud-brick establishment that comprises of several structures such as traditional house with a restaurant and a workshop/shop, which is located in plots 253 and 311 in Temvria, Nicosia. The ground floor of approximately 140 sq.m. of internal areas consists of a workshop and a shop with a display area, a storage room, separate toilets for men, women, and disabled people, an internal yard of approximately 98 sq.m. with traditional ovens, and the living room area of Studio 4. The elevated floor of approximately 250 sq.m. of internal areas consists of 3 studio apartments, an entrance hall, a restaurant with a dining area, toilets and changing rooms for men and women, a kitchen, three storage rooms a covered veranda of approximately 10 sq.m., an uncovered veranda of approximately 36 sq.m. and a yard of approximately 53 sq.m. The upper floor of approximately 110 sq.m. consists of an en-suite bedroom, an office room and a conference room. The asset is located approximately 880m west to the Evrychou - Kakopetria road, approximately 1.7km south from Korakou community and approximately 2km southwest from the Evrychou community. The property falls within Zone H1, with a building coefficient of 120%, coverage of 70%, and permission for 3 floors (11.4m) of construction.
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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