Development Opportunity – Plot in Omonoia, Limassol
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Auction
- Lot 49
- Cyprus
- Land/Site
- Commercial
Sold for €300.000
Property Summary
- A regular shaped corner plot zoned “Eβ4” Commercial.
- Extending to approx. 419 sq. m.
- Potential for commercial and residential development (subject to obtaining all necessary consents)
- Vacant possession.
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Property description
- Regular shaped commercial corner plot.
- Northwest road frontage of approx. 46 m.
- We have been informed that the subject property extends to approx. 419 sq. m.
Location
- The plot is situated at Omonoia parish, Limassol Municipality, Limassol district, under Land Reg. No. 1/50072.
- Property abuts on Omonoias avenue and Galinou street along its west and north boundary respectively having a total frontage of approx. 46 meters.
- It abuts on Omonoias avenue, one of the most commercial streets of Limassol which extends from Kato Polemidia round about to New port and is situated approx. 120 m. south of Omonoias avenue and Pafou street junction, approx. 670 m. south of Spyrou Kyprianou avenue, approx. 1.7 km south of K. Polemidia round about, approx. 1.3 km north of of Franklin Roosvelt and Omonoias avenues junction and approx. 1.8 km north of Limassol new port.
- The immediate area mainly consists of residential developments such as houses and blocks of apartments as well as commercial development along Omonoias avenue and Pafou street.
Tenancy
- Vacant Possession.
Zoning
- Within the Eβ4 Commercial Zone which allows for 140% building density, 50% building coverage, 4 floors and up to 17 meters height.
Accommodation
The land 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. 419 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.
