Auction
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3 x Residential Plots in Egkomi, Nicosia

  • Auction
  • Cyprus
  • Land/Site
  • Commercial

Reserve €395.000

Bidder Security €7.000 *fully refundable if unsuccessful bidder
Auction Date 27 November
Bidding Opens 10:00 (GMT+2)
Bidding Closes To be Confirmed

Property Viewings

Viewings have not yet been scheduled for this property.
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Property Summary

  • ‘Κα6’ zoned residential plots (in advanced under division stage).
  • Extending to approximately 1,914 sq.m. (534 sq. m. (plot 5), 678sq.m. (plot 6) and 702 sq.m. (plot 7)
  • Approximately 60 meters road frontage
  • Abut onto a public green area
  • Vacant possession.

Contact Us

Yiannis Karagiorgis
Yiannis Karagiorgis
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

Contact Us

Yiannis Karagiorgis
Yiannis Karagiorgis
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

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Property description

  • Under division residential plots with flat and even surface.
  • Access to the plots is via a registered road with a total road frontage of approximately 60m.
  • Abuts onto a green area
  • The plot can be used for commercial purposes (office space, medical centers, sport centers, recreation centers etc ).
  • We are informed that the property extends to approx. 1,914 sq. m.
    1. Plot 5 - 534 sq. m.,
    2. Plot 6 - 678sq.m. and
    3. Plot 7 - 702 sq.m.

 

  • The plot division has not been completed due to the unfished works such us sidewalks, last layer of road surface etc.
  • We are informed that for the specific under division plots, due to the advanced stage of completion and the absence of health and safety issues, it is acceptable to submit a building permit application for each subdivided plot, provided that a prior planning permit has already been obtained, without restrictions on what the planning zone dictates. However, to address division deficiencies and restore the property to its projected state in the future, two conditions are imposed when issuing the building permit for each under division plots:
    1. An appropriate sewage system must be installed, operating with a septic and absorption pit, with a provision for future connection to a sewer system (est. €2,400).
    2. Each applicant must pay an additional amount, varying based on plot area from €8,500 to €10,000, beyond the development licensing fees, prior to the issuance of the building permit.
  • Upon completion of the development on the under-division plot and issuance of the Certificate of Approval for the building, a Certificate of Approval is also issued for the plot, enabling the issuance of a separate title for each plot.

Location

  • The properties are located in in Engomi Municipality, Nicosia district, under Land Reg. No. 0/11394.
  • The plots are located approximately 40m from B9 motorway and approximately 75 meters northeast of Archangelos round about. The assets abut Agias Annis street at southeast and public green area at the northwest part, with a total frontage of approximately 60m.
  • The immediate area of the properties is mainly characterized by houses, apartment blocks and plots.  

Tenancy

  • Vacant possession. 

Zoning

  • The property falls within the “Κα6” Residential Zone, which allows 90% building coefficient, 50% building coverage, 2 floors, and up to 10 meters height.

Accommodation

The land was not inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:

  • Site area extending to approximately 1,914 sq. m.
  • Interested parties are recommended to undertake their own inquiries to confirm property / building measurements.

VAT

VAT is applicable to this sale - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is subject to VAT as well as, the exact amount payable.

Helpful links

*Terms & Conditions

Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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