Lot 29
Auction
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Commercial Plot in Agios Nikolaos, Larnaca

Auction
Cyprus
Land/Site
Commercial

INVITED OPENING BID €600.000

Property Summary

  • Εβ2” commercial zoned regular shaped corner plot.
  • Extending to approximately 521 sq. m.
  • Potential for commercial/residential development (subject to obtaining all necessary consents).
  • Planning/Building permit obtained for a mixed-use 6 floor building with underground parking space.
  • 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.

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.

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Property description

  • Regular shaped commercial corner plot.
  • Building/Planning permit obtained for the construction of a 6 floor mixed-use building consisting of a shop with mezzanine floor on the ground floor and offices on the above floors.
  • The property has road frontage of approx. 40 m. along its east and south borders. 
  • The plot is adjacent to Κα4 residential zone.
  • Premium location with excellent road access towards the rest of the city, the international Larnaca Airport, towards Larnaca – Limassol motorway and towards Larnaca – Nicosia motorway.
  • Located only 895 m. south of the new Metropolis Mall of Larnaca where numerous developments are under construction such as offices, apartments and showrooms.
  • We have been informed that the property extends to approximately 521 sq. m.

Location

  • The property is located in Agios Nikolaos parish, Larnaca Municipality, Larnaca District, under Reg.No. 11/286.
  • The plot is placed on the corner of Peloponisou and Pandoras Streets, and it is situated approx. 12 m. north of Nikou And Despinas Pattichi Avenue, approx. 75 m. east of K-Cineplex Cinema Venue, approx. 160 m. north of Faneromenis Avenue, approx. 195 m. east of Lemesou Avenue and approx. 895 m. south of the new Metropolis Mall of Larnaca.
  • The immediate area of the property is mainly characterized by mixed use developments such as offices, cinema venues, shops, banks, supermarkets and restaurants as well as residential units such as houses and apartment buildings.

Tenancy

  • Vacant Possesion

Zoning

  • The property falls within the Εβ2 Commercial Zone, which allows 180% building density, 50% building coverage, 6 floors and up to 24 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 521 sq. m.
  • 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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