Distributed share of a residential field, situated in Agia Napa, Ammochostos

A 6% share of a residential field, approximately 1,591sq.m, extending to about 25,449 sqm, situated in Agia Napa, Ammochostos.
The property has a flat surface and abuts onto an under-registestration road.

There is a Distribution Agreement in place.

The asset is located approximately 3km from A3 motorway, approximately 3km from Ayia Napa community centre and approximately 4km from the beach.

The property falls within Zone Κα9α*, with a building coefficient of 35%, coverage of 25%, and permission for 2 floors (8.3m) of construction.

According to the distribution agreement, the property concerns a 1/16 share, which concerns part of Νο 10 with a ground floor house.
For the house there are no required permits, therefore is considered illegal and not taken into consideration inside the price.

It is noted that the urban planning zone of the property has changed from Ka9a* to Ka8 (building density from 35% to 60%)"