The property is an old single storey house in Panagia, Nicosia.

The house has an area of 105sqm and is considered obsolete with no economic value. The plot has an area is 520sqm and benefits from a c. 23m road frontage.

The immediate area of the asset comprises of residential and commercial developments that enjoys easy access towards Nicosia city center.

The asset falls within planning zone EZ-α, with building density coefficient of 200%, coverage coefficient 60%, in 8 floors and a maximum height of 31m height.