The asset is a touristic field in Sotira. It is located 330m from the seafront, enjoying great sea views. It is only 7 mins away from the popular Marina of Agia Napa and Makronisos beach. The field has an area of 6,766sqm and is adjacent to a road with 90m road frontage. It is ideal for touristic developments such as hotels, villas, bungalows, holiday resort, or for residential development.
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.