The asset is an under division plot in Latsia, Nicosia. It is located approx. 1.5km north-east of the Nicosia Hospital and approx. 500m south of Penny Hill residential area. It is 1 out of 8 plots under division, has a land area of 696sqm as indicated on the relevant drawings. The division process is at an advanced stage. The wider area is residential with individual modern residences and residential blocks while it is in proximity to major infrastructure such as the Nicosia General Hospital and the Cyprus Mall.