Half-share of Residential field in Trachoni, Limassol
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Auction
- Cyprus
- Land/Site
- Commercial
Sold for €180.000
Property Summary
- Share of Residential field zoned “H3” and “H2” in Trachoni village, Limassol.
- The property falls under the jurisdiction of SBA (Sovereign British Area).
- Extending to approximately 3,135 sq. m. out of 6,270 sq.m. (50% Share).
- Potential for residential development (subject to obtaining all necessary consents).
- Vacant possession.
- The sale of the property, which comprises of a 50% share of a field 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”
- Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224”.
- 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
- Share of Residential field with flat and even surface.
- The property has frontage to a public registered road of approx. 19 meters along its south boundary.
- We have been informed that the property extends to approximately 3,135 sq. m. out of 6,270 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 Trachoni village, Limassol District, under Reg.No. 0/2463.
- The property is adjacent to Konstantinou & Evripidou Avenue along its southern boundary and situated approx. 230 m. west of Fasouri Waterpark, approx. 320 m. south of Trachoni middle school and approx. 2.2 km west of the Mall of Limassol and the new Limassol Casino.
- The neighbouring area consists mainly of residential units such as houses.
Tenancy
- Vacant Possesion
Zoning
The property falls within two planning zones:
- The “H2“ residential zone which allows 90% building density, 50% building coverage, 2 floors and up to 8.30 meters height. (60% of the total area)
- The “H3” residential zone which allows 60% building density, 35% building coverage, 2 floors and up to 8,30 m. height. (40% of the total area)
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 3,135 sq. m. out of 6,270 sq.m. (50% Share)
- It is recommended that interested parties undertake their own inquiries to confirm property measurements.
VAT
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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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