Zone(s) | Building Density | Building Coverage | Floors | Height (m) |
H3 (80%) Residential | 90% | 50% | 2 | 8,30 |
Γ3 (20%) Agricultural | 10% | 10% | 2 | 8,30 |
Subject to confirmation
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Auction
Mixed Use Field in Palaiometocho, Nicosia
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Auction
- Lot 32
- Cyprus
- Land/Site
- Commercial
Invited Opening Bid €99.000
Property Summary
- Mixed use field within planning zones Residential “Η3” (80%) and Agricultural “Γ3” (20%) in Palaiometocho, Nicosia.
- Registered road access.
- The field benefits of approximately 180 meters road frontage northwestern of the field.
- Extending to approximately 5,986 sq. m. in total.
- Vacant possession.
- This sale is conditional and is subject to confirmation (STC) by the vendor, who will accept or decline the highest bid no longer than two working days from the bidding closing time. In the meantime and in case of approval by the vendor the highest offer placed will be mutually binding. You will find more information in the Terms and Conditions.
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Property description
- Mixed use field within planning zones “Η3” (80%) and “Γ3” (20%) in Palaiometocho, Nicosia.
- The property benefit from frontage of approximately 180 meters on the northwestern side, on a registered public road.
- We have been informed that the fields extend to approximately 5,986 sq. m.
- Vacant possession.
- 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 field is located in Palaiometocho, Nicosia district, under Land Reg. No. 0/28151.
- The property is located approximately 250 meters southeast of Paleometocho Primary School, and approximately 1 kilometre southeast of the village centre.
- The immediate area of the fields mainly consists of sporadic residential development.
Tenancy
- Vacant Possession
Zoning
- The property falls within the planning zones:
Accommodation
The properties were not inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the properties provide:
- Site area extending to approximately 5,986 sq. m. in total.
- It is recommended that interested parties undertake their own inquiries to confirm property measurements.
VAT
Mixed Taxable supply - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is partially subject to VAT as well as, the exact amount payable.
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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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You're the highest bidder!
As this sale is subject to confirmation, we will be in touch within the confirmation period to let you know if your bid has been accepted by the vendor.
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