The asset under study is a ¼ share of a residential field in Geri, Nicosia. It is located at a distance of 800 meters north-east of Laiki Sporting Club Area and 2.5km east of A1 motorway. The property has a rather irregular shape and an even surface with a total area of 8.037sq.m and the corresponding share is 2.009sq.m. The property falls within Zone Κα8, with a building coefficient of 60%, coverage of 35%, and permission for 2 floors (10m) of construction.
The surrounding area is characterised by residential and commercial developments, with a lot of amenities in close proximity. The immediate area of the property consists of similar land parcels, most of them currently under the process of land division into plots.