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Subject of the Transaction – Sale of a Cyprus SPV (Cyprus-registered company):
3 existing villas generating up to €400,000 in annual income in the best year.
Land plot of 7,600 m² with gardens and park.
Planning permits submitted for the development of a new hotel-type building of 3,800 m² on part of the land.
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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