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Residential Field in Xylofagou, Larnaca

Auction
Cyprus
Land/Site
Residential

RESERVE   €110.000

Bidding deposit €4.500 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 15 December
Closing Time 11:00:00 (GMT+2)

Available viewing

Please contact us to enquire about arranging a viewing.
Phone
+357 22 000380
Email
info@cy.bidx1.com
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Property Summary

  • “H2” Residential zoned regular shaped field.
  • Part of housing development under the name “Rania Court”.
  • Extending to approximately 3,281 sq. m.
  • Vacant possession.
  • The sale of the property, which comprises of a residential field 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.
  • The plot benefits from the Housing Plan of Revitalization of Specific Rural areas (see Zoning paragraph for more details).

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

  • Residential field which forms part of a housing development with regular shape and flat and even surface.
  • The property forms part of “Rania Court” housing development which obtained planning and building permit for 24 houses in total. (See legal documents for more info).
  • We are informed that the property extends to approximately 3,281 sq. m.

Location

  • The property is located within Xylofagou village, Larnaca district, under Land Reg. No. 0/2488
  • The property forms part of Rania Court housing development which abuts on Salaminos Street.
  • It is situated approx. 900 m. east of Xylofagou village centre, approx. 60 m. north of Michalaki Vrahimi Avenue and approx. 1.3km west of Larnaca – Famagusta motorway (A3).
  • The immediate area of the property mainly consists of residential units such as houses as well as residential land.

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

Zoning

  • The property falls within the H2 Residential Zone, which allows 90% building coefficient, 50% building coverage, 2 floors and up to 8,30 meters height.
  • The plot benefits from the Housing Plan of Revitalization of Specific Rural areas. The Plan concerns of financial support for the development of a permanent first-home residence in areas where the Plan is in force. Depending on the beneficiary person and the requirements, the buyer can benefit from €15.000 to €20.000 for acquiring/building a House. All subsidizations are subject to approval/rejection by the government/local authorities.

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 1,134 sq. m.
  • Interested parties are recommended to undertake their own inquiries to confirm property measurements.

Tenancy

  • Vacant possession.

*Terms & Conditions

Islanders Estate Agencies Ltd as a licensed Estate Agent, T/A BidX1 Cyprus Sales, Registration No: 799 / Licence No: 376/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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