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Residential Plot in Aradippou, Larnaca

  • Auction
  • Cyprus
  • Land/Site
  • Commercial

Sold for €130.000

Property Summary

  • Residential plot zoned Kα5, in Aradippou, Larnaca.
  • Extending to approx. 642 sq.m.
  • Potential for residential development (subject to obtaining all necessary consents).
  • Vacant possession.
  • This property has a minimum conditional price subject to confirmation (STC). The highest offer is subject to approval by the vendor, who has a maximum of 2 working days to respond. In the meantime and in case of approval by the vendor the highest offer placed will be mutually binding. You will find more information in the Terms and Conditions. 

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Property description

  • Residential plot in Agios Fanourios, Aradippou.
  • Features a relatively smooth and even surface.
  • Frontage onto a registered road of approx. 18 meters along its eastern border.
  • We have been informed that the property extends to approximately 642 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 property is located in Agios Fanourios parish, Aradippou municipality of Larnaca district, under Land Reg. No. 0/2002.
  • The property enjoys good accessibility towards city centre and the motorway as it is situated just off Kyriakou Matsi avenue at approx. 40 m. east, approx. 900 m. northeast of Spyrou Kyprianou – Eleftherias junction, approx. 3 km southeast of Rizoelia roundabout and approx. 3.8 km northwest of Larnaca Marina and Phinoikoudes.  
  • The immediate area of the property is predominantly residential consisting mainly of houses and some apartment buildings.

Tenancy

  • Vacant Possession

Zoning

  • The property falls within the "Κα5" Residential Zone which allows for 100% building coefficient,50% building coverage,3 floors and up to 13.5 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 642 sq. m.
  • Interested parties are advised 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.

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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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