Residential field in Erimi, Limassol
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Auction
- Cyprus
- Land/Site
- Commercial
Sold for €26.000
Property Summary
- Half-share of Residential field zoned “H2”, in Erimi, Limassol.
- Extending to approx. 335 sq.m. out of 669 sq.m. (50% Share).
- Access via a registered road.
- Vacant possession.
- The property can be benefited from the Housing Plan of the Revitalization of Specific Rural Areas with a grant up to €55.000 for the acquisition, development or improvement of a permanent home. More information available here.
- The sale of the property, which comprises of a 50% 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”.
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Property description
- Half-share of residential field in Erimi.
- The property has a total road frontage of approx. 37 m. along its eastern border.
- According to official cadastral plan, the property is affected by a road widening scheme along its eastern border by 194 sq.m. from the total land area of 669 sq.m.
- We have been informed that the property extends to approx. 335 sq.m. out of 669 sq.m. (50% 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 Erimi village, Limassol district, under Land Reg. No.0/3925.
- The property is located in the centre of the community and is situated approx. 120 m. southwest of Timiou Prodromou church, approx. 100 m. north of the Limassol-Paphos old road and approx. 700 m. west of Limassol-Nicosia (A1) motorway.
- The immediate area of the property features mainly houses and some shops.
Tenancy
- Vacant Possession
Zoning
- The property falls within the “H2” Residential zone, which allows for 90% building density, 50% building coverage, 2 floors and up to 8,30 meters height.
Accommodation
The property 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 335 sq.m. out of 669 sq.m. (50% Share).
- 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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