The asset is a residential field of shared ownership and part of an extensive mix use estate. The field has a gross area of 12,820sqm and constitutes circa 5.8% of the whole asset. It is located at a prime location at the entrance of Nicosia, next to the Olympic House and Park Headquarters, just a few metres away from the Electricity Authority Headquarters and just 150m from Hellenic Bank's Headquarters, 500m south of Athalassas avenue. The asset has frontage of 390m on three public roads/avenues and lies lower than the roads. It has recently acquired a division planning permit for 15 plots. The wider area of the asset is commercial and residential. The asset provides great proximity to Nicosia centre and the highway connecting Nicosia to Larnaca/Limassol. Stavrou street and Athalassa avenue are just 5 mins away offering access to all amenities and services.