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Residential Field in Ayia Napa, Famagusta

Auction
Cyprus
Land/Site
Commercial

RESERVE €430.000

Available viewing

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

Property Summary

  • Share of residential field zoned “Kα9α*
  • Extending to approx. 7,275 sq.m. out of 9,378 sq.m. (77.58% Share)
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.
  • The sale of the property, which comprises of a 77.58% share of a field/plot], 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”.

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

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Property description

  • Share of residential field with flat and even surface.
  • The property is situated approx. 45 m. from the closest registered road.
  • We have been informed that the property extends to approximately 7,275 sq.m. out of 9,378 sq.m. (77.58% Share)
  • 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 property is located in Ayia Napa municipality, Famagusta District, under Reg.No. 0/14.
  • The property is situated approx. 300 m. north of Larnaca – Famagusta motorway (A3), approx. 175 m. east of 1st of April Avenue and approx. 1,7 km north of Ayia Napa Municipality centre.   
  • The immediate area of the property is predominantly residential featuring houses and villas as well as residential land.

Tenancy

  • Vaccant Possesion

Zoning

  • The property falls 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 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 7,275 sq.m. out of 9,378 sq.m. (77.58% Share)
  • It is recommended that interested parties undertake their own inquiries to confirm property measurements.

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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