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Residential field in Kaimakli, Nicosia

Auction
Cyprus
Land/Site
Commercial

RESERVE €275.000

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Residential field zoned “Κα4” in Kaimakli, Nicosia.
  • Extending to approximately 2.815 sq. m.
  • Wide road frontage (50 meters). 
  • Vacant possession.
  • The property benefits from the Housing Plan for Revitalization of Mountainous, Remote and Disadvantageous areas (see Zoning paragraph for more details).

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

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Property description

  • Residential field in Kaimakli, Nicosia.
  • Features a regular shape with flat and even surface.
  • Wide frontage onto a main road of approx. 50 m. along its southeastern boundary.
  • The property is attached to a pedestrian pathway along its southwestern boundary.
  • Considered as an ideal choice for a developer or an individual investor.
  • The property is suitable for division of plots or for a unified residential development.
  • We have been informed that the property extends to approximately 2.185 sq. m.
  • The property benefits from the Housing Plan for Revitalization of Mountainous, Remote and Disadvantageous areas. The Plan concerns of financial support for the development of a permanent first-home residence in areas where the Plan is in force. Depending on the beneficiary person and the requirements, the buyer can benefit from €25.000 to €60.000 construction costs. All subsidizations are subject to approval/rejection by the government/local authorities. More information available here

Location

  • The property is located in Kaimakli quarter of Nicosia, Municipality and district, under Land Reg. No.3/130.
  • The property is situated approximately 420 m. northeast from Agiou Ilarionos street and 2 km northeast of the Venetian Walls of Nicosia Old Town.  
  • The immediate area of the property mainly consists of residential units such as detached and semi-detached houses, apartment buildings as well as empty parcels of land.
  • The property is ideally situated close to an abundance of amenities and services such as supermarkets, shops, cafes etc. In addition, it enjoys good access towards Nicosia city centre.

Tenancy

  • Vacant possession. 

Zoning

  • The property falls within the “Κα4” Residential Zone which allows for 120% building density, 50% building coverage, 3 floors and up to 13,50 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 2.185 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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