Residential field with an obsolete house in Lakatamia, Nicosia
RESERVE €800.000
Property Viewings
Property Summary
- Derelict House extending to 559 sq.m. in Lakatamia.
- Built on a residential field extending to approx. 7.428 sq.m.
- Potential for further residential development (subject to obtaining all necessary consents).
- Vacant possession.
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Property description
- Residential field in Lakatamia.
- We have been informed that the property extends to approx. 7.428 sq.m.
- According to official cadastral plans, the land area has been affected by Giannou Kranidioti avenue widening by approx. 1.200 sq.m. (measurements are approximate. Further examination is recommended).
- Within the parcel there is a derelict house.
- According to official info from LRO portal, the house extends to 559 sq.m. of internal areas.
- The land features a relatively smooth and even surface and has a wide frontage onto Gianni Kranidioti avenue of approx. 87 meters along its western border.
- 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 Agios Nikolaos parish, Lakatamia municipality, Nicosia district, under Land Reg. No. 6/339.
- The property is located on Giannou Kranidioti avenue and enjoys good accessibility towards Lakatamia and Nicosia city centre.
- It is situated on approx. 2.8 km south of Strovolos round about, approx. 5 km west of Limassol-Nicosia (A1) motorway, approx. 900 m. from Lakatamia’s public swimming pool and approx. 750 sq.m. Agios Ioannis secondary school.
- The immediate area of the property is predominantly residential consisting mainly of houses and apartment buildings.
Tenancy
- Vacant Possession
Zoning
- The property falls within the "Κα7" Residential Zone which allows for 80% building coefficient,45% building coverage, 2 floors and up to 10 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 7.428 sq. m.
- Interested parties are advised to undertake their own inquiries to confirm property measurements.
VAT
*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.
