Lot -
Auction
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Share of residential field in Ayia Napa, Famagusta

Auction
Cyprus
Land/Site
Commercial

RESERVE €650.000

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Share of residential field zoned “Kα11*”
  • Extending to approximately 10,221 sq.m. out of 30,974 sq.m. (33% Share)
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.
  • The sale of the property, which comprises of a 33% 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 partly flat and even surface.
  • Elevated position which offers distant panoramic sea views.
  • A small part of the property is adjacent to a registered public road along its southern border.
  • We have been informed that the property extends to approximately 10,221 sq.m. out of 30,974 sq.m. (33% 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. 0/701.
  • The property is situated approximately 760 m. north of Cape Greco Avenue, approximately 650 m. north of Agios Epifanios Church, approximately 1 km north of Kryou Nerou Avenu and approximately 1.5 km northeast of Ayia Napa Municiality centre.
  • The immediate area of the property consists of residential land as well as sporadic residential units such as houses.

Tenancy

  • Vacant possession.

Zoning

  • The property falls within the ”Kα11*” Residential Zone which allows for 20% building density, 15% 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 10,221 sq.m. out of 30,974 sq.m. (33% 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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