Residential complex in Latsia, Nicosia – id R9222

The property concerns a share (86%) of two parcels in Latsia. The share corresponds to two incomplete maisonettes (no. 7 and no. 14) and four vacant plots (maisonettes no. 4, 9, 10 and#38; 11). The maisonettes are two-storey and are part of the residential development known as and#34;Carisa Latsia Homesand#34;.

The complex is located 230m from GSP stadium and 180m from Nicosia – Limassol highway.

The complex comprises a total of 14 two-storey houses, some equipped with swimming pools.

Units 7 and#38; 14 are partly completed.

Maisonettes with no. 4, 9, 10, 11 will consist of an open plan kitchen/ living room at the ground floor and four bedrooms (one with en-suite) on the 1st floor.

The houses have the below areas:

House 4: Internal area 185sqm, covered verandas 8sqm and uncovered verandas 37sqm
House 7: Internal area 158sqm, covered verandas 4sqm and uncovered verandas 34sqm
House 9: Internal area 185sqm, covered verandas 25sqm and uncovered verandas 37sqm
House 10: Internal area 188sqm, covered verandas 5sqm and uncovered verandas 37sqm
House 11: Internal area 188sqm, covered verandas 5sqm and uncovered verandas 37sqm
House 14: Internal area 144sqm, covered verandas 8sqm and uncovered verandas 36sqm

There is a distribution agreement in place.

The property is owned by Vetium Limited, an SPV, wholly owned by Gordian Holdings Ltd.