The asset is a field with an incomplete villa in Pegeia. It is located 600m from Sea Caves avenue and 250m from Agiou Georgiou Avenue. The field benefits from a road frontage of 25m. The house is in an incomplete state with all the external works having been constructed. It has an enclosed area of 330sqm, 85sqm covered veranda, 190m uncovered verandas and a basement with an area of 342sqm. The asset enjoys magnificent and panoramic views of the picturesque landscape and the Mediterranean sea.
Town planning zone
The asset was repossessed by Gordian Holdings Limited via auction pursuant to Part VIA of the Immovable Property (Transfer and Mortgage) Law of 1965 (L. 9/1965). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.