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Half-share of 2 adjoining residential fields in Ayia Napa, Famagusta

Auction
Cyprus
Land/Site
Commercial

RESERVE €395.000

Available viewing

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

Property Summary

  • 50% share of 2 adjoining residential fields zoned “Κα9α”.
  • Extending to a total of approx. 4,264 sq.m. out of a total of 8.527 sq.m. (50% Share).
  • Distribution agreement in place.
  • Vacant possession.
  • The sale of the property, which comprises of a 50% share of the fields 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

  • The properties comprise a 50% share of two-adjoining residential fields.
  • Both properties feature access via a registered road along their northern border.
  • We have been informed that the properties extend to a total of approx. 4,264 sq.m. out of 8,527 sq.m. (50% Share).
  • According to the Distribution agreement in place, the share for sale corresponds to the empty land on the eastern part of the parcel which upon completion of the division will comprise a net area of approx. 3,350 sq.m.
  • 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. 0/420 and 0/423.
  • The properties abut on Tefkrou Anthia street along their northern boundary.
  • They are located approximately 490 m southwest of Ayia Napa Primary school, approx. 750 m. south of Larnaca - Agia Napa A3 motorway, approx. 520 m. north of the Nisi Avenue and approx. 850 m north from the seafront.
  • The neighbouring area consists of residential and touristic developments such as houses and villas as well as hotel apartments.

Tenancy

  • Vacant possession

Zoning

  • The properties fall within the Κα9α Residential Zone, which allows for 35% building coefficient, 25% building coverage, 2 floors and up to 8,30 m. 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 approximately 4,264 sq.m. out of 8.527 sq.m. (50% 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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