Development Opportunity – Field in Pano Polemidia, Limassol
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Auction
- Lot 27
- Cyprus
- Land/Site
- Residential
Sold for €412.000
Property Summary
- “Kα8” residential zoned share of land with road access.
- Extending to approx. 4,800 sq. m.
- Potential for residential development (subject to obtaining all necessary consents)
- Vacant possession.
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Property description
- 50% share of a residential parcel of land which comes to a total of 4,800 sq.m.
- East road frontage of approx. 85 m.
- Share for sale is indicated with red outline in the photo gallery
- Share for sale represents the empty south part “B” of the land as indicated in the distribution agreement (please refer to legal documents).
- We have been informed that the subject property extends to approx. 4,800 sq. m.
Location
- The property is situated at Pano Polemidia community, Limassol district, under Land Reg. No. 0/935.
- The property abuts on Gianni Kranidioti avenue along its eastern boundary having a total frontage of approx. 85 meters.
- It is located approx. 1.2 km northwest of Troodos round about and the Limassol-Nicosia (A1) motorway, approx. 960 m. southwest of Spyros Kyprianou Athletic centre, approx. 1.9 km north of Spyrou Kyprianou avenue and just of Ekali area, a realtively newly built area with affluent houses and blocks of apartments.
- The immediate area mainly consists of residential developments such as houses and blocks of apartments as well as some commercial development along Gianni Kranidioti avenue including gas stations, supermarkets, banks etc.
Tenancy
- Vacant Possession.
Zoning
- Property falls within the Kα8 Residential Zone which allows for 60% building density, 35% building coverage, 2 floors and up to 10 meters height.
Accommodation
The property was not inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- Site area extending to approx. 4,800 sq. m.
- It is recommended that interested parties 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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