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The property comprises of a share in land which corresponds to an area of 14,542 m² of land on which there is a luxury Villa encompassing a closed area of c. 1,019 m² with swimming pool, garage, covered verandas and service rooms. The villa is consisted of two floors and an attic and approximately 7 years old and is currently rented to a well known embassy. The building possesses very high quality finishes and is facilitated by central air conditioning system, oil central heating in all areas. The villa is located in Lakatamia Municipality. The surrounding area is characterised by residential development and is near various amenities including the site of the new Mall of Nicosia which is being erected. The property is considered to have very good access to all areas of Nicosia including the highway and mountainous areas. It is noteworthy to mention that the share of land is located within residential zones Ka8 & Ka6 and has a planning permit to divide the land into 14 separate building plots but which has not yet been implemented. Under the aforementioned permit, the existing villa will occupy 3,308 m² (plot 14) while the other 13 plots will have the typical area between 524 m² and 630 m².
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