½ Share Residential plot in Kathikas, Paphos
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Auction
- Lot 52
- Cyprus
- Land/Site
- Residential
Sold for €15.000
Property Summary
- “Κα6β” Residential zoned regular shaped plot.
- Extending to approximately 363 sq. m. out of 725 sq. m. (50% share)
- Vacant possession.
- The sale of the property, which comprises of a 50% share of 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 property benefits from the Housing Plan of Revitalization of Hill and Disadvantage areas (see Zoning paragraph for more details).
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Property description
- Residential plot has a rather flat and even surface.
- The plot abuts on a registered road along its west boundaries with total frontage of approx. 17m.
- We are informed that the parcel extends to approximately 363 sq. m. out of 725 sq. m. (50% share)
Location
- The property is located within Kathikas quarter in the municipality of Paphos, under Land Reg. No. 0/10830.
- It lies on Spiladiou street and is situated approximately 30 m. west of Kato Vrisi avenue and approximately 310 m. east of Panayia Evaggelistrias avenue.
- The immediate area of the property mainly consists of residential units such as houses as well as vacant land. The wider area of the property is served from restaurants and tourist apartment.
Tenancy
- Vacant possession.
Zoning
- The property falls within the Κα6β Residential Zone, which allows 90% building coefficient, 50% building coverage, 2 floors and up to 7 meters height.
The property benefits from the Housing Plan of Revitalization of Hill and Disadvantage 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 €25.000 to €60.000 construction costs. All subsidizations are subject to approval/rejection by the government/local authorities. More information available here
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 363 sq. m. out of 725 sq. m. (50% share).
- Interested parties are recommended to 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.
