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Commercial Plot in Egkomi, Nicosia

Auction
Cyprus
Land/Site
Commercial

INVITED OPENING BID €430.000

Available viewing

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

Property Summary

  • Commercial plot within “Εβ4” planning zone.
  • Extending to approx. 530 sq.m.
  • Potential for commercial/residential development. (Subject to obtaining all necessary consents.)
  • Vacant possession.
  • 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 2 working days 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

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Eva Papacleovoulou
Vendor's Solicitor

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Eva Papacleovoulou
Vendor's Solicitor

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Property description

  • Commercial plot with regular shape.
  • The property has frontage to a registered road for approx. 21 m. along its west border.
  • The plot is centrally located on one of the busiest commercial avenues of the capital and offers great accessibility towards the rest of the city.
  • According to the land registry, the property is adjacent to the residential zone Κα4 potentially allowing for a mixed-use development within the site.
  • We are informed that the property extends to approximately 530 sq. m.
  • The property is registered on a company with option to purchase the company. Please contact us for more information on how the buyer can benefit from VAT exemption.

Location

  • The plot is located within the municipality of Egkomi, Nicosia district, under Land Reg. No. 4/2543.
  • The property is situated on March 25 Avenue, approx. 25 m. south of Kyriakou Matsi Avenue, approx. 25 m. south of Agios Dometios Police Station, approx. 65 m. north of the Embassy of Italy and approx. 400 m. north of Griva Digeni Avenue.
  • The immediate area of the property mainly consists of mixed-use development such as offices, shops, restaurants, bakeries, schools, banks as well as apartment buildings and houses.

Tenancy

  • Vacant Possesion

Zoning

  • The plot falls within the "Εβ4" Commercial Zone which allows 140% building coefficient, 50% building coverage, 4 floors and up to 17,00 meters height.

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

VAT

VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.

*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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