Auction
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Residential Field in Mosfiloti, Larnaca

  • Auction
  • Cyprus
  • Land/Site
  • Commercial

Invited Opening Bid €0

Bidder Security €2.000 *fully refundable if unsuccessful bidder
Auction Date 30 July
Bidding Opens 11:00 (GMT+3)
Bidding Closes To be Confirmed

Property Summary

  • A share of residential field zoned “Η5", situated in Mosfiloti, Larnaca
  • Extending to approx. approx. 1,482 sq.m. out of 2,964 sq.m. (50% Share).
  • There is no Distribution agreement in place.
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.
  • The sale of the property, which comprises of a 50% share of a field/plot, 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”.
  • 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.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

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Property description

  • A share of residential field. (50% share)
  • The property is rectangularly shaped with a flat surface.
  • Access to the field is via a registered road with a total frontage of approximately 44m.
  • There is no Distribution agreement in place.
  • We are informed that the property extends to approx. 1,482 sq.m. out of 2,964 sq.m. (50% Share).

Location

  • The field is located in Mosfiloti community, in Larnaca district, under Land Reg. No. 0/5228.
  • The property is situated approx. 700 m. east of Lemesou Avenue (B1). 
  • The immediate area of the property is mainly characterized by residential units such as houses with swimming pools as well as residential land.

Tenancy

  • Vacant possession

Zoning

  • The property falls within the "H5" Residential Zone, which allows for 30% building coefficient, 20% building coverage, 2 floors and up to 8,30 m. 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 1,482 sq.m. out of 2,964 sq.m (50% Share).
  • Interested parties are recommended to undertake their own inquiries to confirm property 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.

Additional Information

  • BidX1 does not conduct viewings for Land properties. Interested parties are advised to independently inspect the property prior to the auction and to contact BidX1 with any pre-auction queries.

Helpful links

*Terms & Conditions

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. BidX1 is a trading name of Islander Estate Agencies Limited, which is located in Cyprus. Licence No. 579/E and Reg No. 1367.

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