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2 x contiguous residential fields in Ayia Napa, Famagusta

Auction
Cyprus
Land/Site
Residential

Sold for €1.250.000

Property Summary

  • 1 x Residential field and 1 x Share of Residential field (50% Share) zoned “Kα9α*
  • Extending to a total of approx. 12,562 sq.m. (See below table for more info)
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.
  • The sale of one of the properties, which comprises of a 50% share of a 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
  • This property has a minimum conditional price subject to confirmation (STC). The highest offer is subject to approval by the vendor, who has a maximum of 48 hours to respond. 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

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.

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Property description

  • 1 x Residential field and 1 x Share of residential field (50% Share) with flat and even surface.
  • The property under Land Reg 0/452 has frontage onto Tefkrou Anthia Avenue of approx. 70 m. along its south border.
  • The share for sale concerning the property under Land Reg 0/455 corresponds to the southern half of the parcel which is empty land.
  • The properties feature a relatively smooth and even surface. 
  • We have been informed that the properties extend to a total of approximately 12,562 sq.m. (See below table for more info)
  • The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.

Location

  • The properties are located in Ayia Napa municipality, Famagusta District, under Reg.No. 0/452 and 0/455.
  • The properties are situated on Tefkrou Anthia Avenue,  approx. 350 m. south of Larnaca – Famagusta motorway (A3), approx. 630 m. north of Nissi Avenue, approx. 800 m. north of Vathia Gonia Beach and approx. 1,6 km west of Ayia Napa Municipality centre.   
  • The immediate area of the property is predominantly residential featuring houses and villas as well as residential land.

Tenancy

  • Vacant possession

Zoning

  • The properties fall within the Kα9α* Residential Zone which allows for 35% building density, 25% building coverage, 2 floors and up to 8.30 meters height.

Accommodation

The properties were not inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the properties provide:

  • Site area extending to a total of approximately 12,562 sq.m. (See below table for more info)
  • It is recommended that interested parties undertake their own inquiries to confirm property measurements.

Additional Details

 

Land Reg No

Parcel No

Area/m2

Share

Road Access

0/452

92

8,661

100%

Yes

0/455

37

3,901 out of 7,802

50%

No

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.

*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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