The asset is a residential plot of 528 sqm located in Agios Georgios, Latsia of Nicosia District. It has a square shape with flat surface and is has access to all utility services. The property is located c. 100 m from Latsia Lyceum and c. 2 km from Nicosia's General Hospital. It falls under the residential planning zone Κα7 that allows for residential development, with 80% density, 45% coverage, over 10 m height and 2 floors. The immediate area is characterised by few high and medium quality residential developments and many vacant plots.