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2 x Residential fields in Paralimni, Famagusta

Auction
Cyprus
Land/Site
Residential

RESERVE  €295.000

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Two residential fields zoned “Κα8" situated in Paralimni Municipality, Famagusta district.
  • Extending to approx. 7,338 sq. m. in total.
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.

Contact Us

Michael Erotokritou
Michael Erotokritou
Property Agent, here to help.

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Property description

  • Two residential fields with flat and even surface.
  • The properties have a frontage to a registered road approx. 25 m. along its northern boundary and approx. 35 m along its eastern boundary.  
  • We are informed that the properties extending to approximately 7,338 sq. m.
  • 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 fields are located in Paralimni Municipality, Famagusta district, under Land Reg. No. 0/5745 and 0/5741.
  • The properties abuts on Agiou Panteleimona Avenue and approx. 1 km. southeast of the center of Paralimni.  
  • The immediate area of the property mainly consists of residential units as well as residential land.

Tenancy

  • Vacant possession.

Zoning

  • The fields fall within the "Κα8" Residential Zone, which allows 60% building coefficient, 35% building coverage, 2 floors and up to 8,3 m. height.

Accommodation

The land was not inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the properties provide:

  • Site area extending to approximately 7,338 sq. m. in total.
  • Interested parties are recommended to 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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