Residential field in Deryneia, Famagusta
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Auction
- Lot 48
- Cyprus
- Land/Site
- Commercial
Sold for €120.000
Property Summary
- Residential field zoned “Κα4” in Deryneia.
- Extending to approx. 2,208 sq.m.
- Potential for residential development (Subject to obtaining all necessary permits).
- Partly occupied.
- The property can be benefited from the Housing Plan for the Revitalization of Mountainous, Outlying and Disadvantageous Areas with a grant up to €70.000 for the acquisition, development or improvement of a permanent home. More information available here.
- 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.
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Property description
- Residential field in Deryneia.
- The property has road frontage of approx. 14 m. along its southeastern border.
- The property is affected by a proposed network which runs through it. The extent of the affection is approx. 380 sq.m. After the road construction, the property will be splitted into 3 parcels
- We are informed that the site area extends to approximately 2.208 sq. m.
Location
- The property is located in Deryneia Municipality, Famagusta District, under Land Reg. No. 0/4881.
- The property is adjacent to Esperidon Street, approx. 250 m. east of Ammochostou Avenue and approx. 500 m north of Deryneia Municipality centre.
- The immediate area of the property is characterised mainly by residential units such as houses and apartment buildings as well as residential land.
Tenancy
- Within the property there is a greenhouse which is currently occupied. The greenhouse falls entirely within the protection zone.
Zoning
- The property falls within the following planning zones:
- 84% of the property falls within the Κα4 Residential Zone which allows 120% building coefficient, 50%, building coverage, 3 floors and up to 11,30 meters height.
- 16% of the property falls within the Δα1 protection zone which allows for 0.5% building coefficient, 0.5% coverage, 2 floors and up to 7 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 approx. 2,208 sq.m
- Interested parties are recommended to undertake their own inquiries to confirm property measurements.
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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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