Share of 3 Commercial Properties in Foinikoudes, Larnaca
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Auction
- Lot 43
- Cyprus
- Land/Site
- Commercial
Reserve €210.000
Property Viewings
Book Viewing
Property Summary
- Property 1: Share 12.5% of a detached ground floor commercial Building . Land area 490 m2. Enclosed area 340 m2 .Building constructed approx. in 1980.
- Property 2: Share of 12.5 % of a Commercial plot extending to approx. 549 sq. m.
- Property 3: Share of 12.5 % of a Commercial plot extending to approx. a 556 sq.m.
- The building is occupied
- The sale of the above properties, comprises of a 12.5% share and is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration, and Valuation) Law, Cap. 224”.
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Property description
Share of 3 properties near Foinikoudes , Larnaca
- Property 1: 12.5% share of a detached ground-floor commercial building under Land Reg. No. 4/346.
- Land area : 490 sq. m.
- Enclosed area: 340 sq.m
- Constructed around 1980
- Currently occupied by a tenant
- Property 2: 12.5% share of a commercial plot under Land Reg. No. 4/239.
- Total plot size: 549 sq. m.
- Currently rented by the tenant of property 1
Property 3 : 12.5% share of a commercial plot under Land Reg. No. 4/341
- Total plot size: 556 sq. m.
- The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.
Location
- The properties are located in Chrysopolitissa Quarter , Larnaca district, under Land Reg. No. 4/346, 4/239 , 4/341
- Property 1 abuts to Arch Makarios Avenue . The 3 properties are situated approximately 175 meters north of Larnaca Police Headquarters and 264 meters northwest of Larnaca Marina and Foinikoudes .
- The wider area of the property consists of both commercial and residential development such as shops, office spaces, blocks of flats etc.
Tenancy
- Vacant Possession
Zoning
As per information provided:
- The 3 properties fall within the residential planning zone Εβ 1 (100%), which allows for 200% building coefficient, 50% building coverage, 6 floors and up to 24 m. height.
Accommodation
- The properties were not inspected or measured by BidX1.Interested parties are recommended to undertake their own inquiries to confirm property measurements.
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*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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