Mixed-use field in Mesa Geitonia, Limassol
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Auction
- Lot 8
- Cyprus
- Land/Site
- Commercial
Sold for €950.000
Property Summary
- “Kα5” Residential zoned field eligible for commercial development.
- The property is eligible for commercial development due to its adjacency to Limassol’s bypass road.
- Extending to approximately 3.607 sq. m.
- Building permit (expired) for 16 apartments.
- Potential for commercial and/or residential development (subject to obtaining all necessary consents)
- Vacant possession.
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Property description
- Residential zoned field with potential for commercial or mixed-use development.
- According to the Limassol’s Local Plan, properties with a minimum 1.000 sq.m. of land area that are positioned along Limassol’s bypass road are eligible for commercial development. Conditions apply on the type of the commercial development based on the size.
- Regular shape with relatively smooth and even surfaces.
- According to the official cadastral plan, underground water pipes run through the northern part of the property.
- Property secured a Building Permit (ΑΑ: 188/2012) for the construction of a three-story building comprised of 16 apartments. The permit expired in 2015. Permit and Arch. plans are available for download in the legal package.
- We have been informed that the subject property extends to approximately 3.607 sq. m.
Location
- The property is situated in Kontovathkia, Mesa Geitonia Municipality, Limassol district, under Land Reg. No. 6/389.
- The property is adjacent to Limassol’s bypass road along its northern boundary and is accessible via a registered dead-end road along its southern border.
- The property neighbours with Kalogeropoulio secondary school along its western boundary and is situated approx. 400 m. west of Mesa Gitonia round-about, approx. 1.3 km east of Agia Fylaxis round-about and approx. 700 m. north of Spyrou Kyprianou and Arch. Makarios avenues junction.
- The property’s location benefits from easy access towards the Limassol-Nicosia (A1) motorway, the city centre as well as the surrounding areas.
- The immediate area mainly consists of houses as well as commercial buildings with offices, mainly along the bypass road closer to the round-abouts.
Tenancy
- Vacant possession.
Zoning
- Within the Kα5 Residential Zone which allows for 100% building density, 50% building coverage, 3 floors and up to 13.5 meters height.
Accommodation
The property was not inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- Site area extending to approximately 3.607 sq. m.
- It is recommended that interested parties undertake their own inquiries to confirm property measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/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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