Share of residential field in Frenaros, Famagusta
RESERVE €70.000
Property Viewings
Property Summary
- “Κα6” Residential zoned field.
- Extending to approximately 2,587 sq. m. out of 5,175 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/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
- Residential field with flat even surface.
- The property abuts private asphalt road for approximately 47 m. along its eastern boundary.
- We have been informed that the property extends to approximately 2,587 sq. m. out of 5,175 sq.m. (50% Share)
Location
- The property is located in Frenaros village, Ammochostos district, under Land Reg. No.0/3432.
- The field is situated approximately 32 m. north of Archiepiskopou Makariou III Avenue which leads to Deryneia Municipality, approximately 1 km north of the center of the village and approximately 4 km east of Paralimni Municipality.
- The immediate area of the property mainly consists of residential units such as houses and apartment buildings, a small number of commercial units along the avenue as well as residential land.
Tenancy
- Vacant possession.
Zoning
- The property falls within the Κα6 Residential Zone which allows for 90% building density, 50% building coverage, 2 floors and up to 10 meters height.
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 2,587 sq. m. out of 5,175 sq.m. (50% Share)
- It is recommended that interested parties 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.
