Auction
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Residential Plot (proposed) in Frenaros, Famagusta

  • Auction
  • Lot 60
  • Cyprus
  • Land/Site
  • Commercial

Reserve €42.000

Bidder Security €2.000 *fully refundable if unsuccessful bidder
Auction Date 28 February
Bidding Opens 10:00 (GMT+2)
Bidding Closes To be Confirmed

Property Viewings

Viewings have not yet been scheduled for this property.
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Property Summary

 

  • 25% share of a Residential Field with Distribution Agreement in place
  • It corresponds to a proposed Residential Net Plot extent of 600 sq.m.
  • “Κα6” Planning Zone with 90% building density
  • Extending to approximately 810 sq. m. out of 3,238 sq.m. (25% Share)
  • Vacant possession.
  • The sale of the property, which comprises of a 25% 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”.

Contact Us

Anna Michaelidou
Anna Michaelidou
Property Agent, here to help.
APS Legal Sales
Vendor's Solicitor

Contact Us

Anna Michaelidou
Anna Michaelidou
Property Agent, here to help.
APS Legal Sales
Vendor's Solicitor

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Property description

  • 25% share of a Residential Field with Distribution Agreement in place
  • It corresponds to a proposed Residential Net Plot extent of 600 sq.m. after Road works and Green area.
  • Flat even surface.
  • Access to the parcel at this moment is by a right of a way, however, when the division will be completed, it will adjust to two registered roads with a total frontage of approx. 55 sq. m.
  • We have been informed that the property extends to approximately 810 sq. m. out of 3,238 sq.m. (25% Share)

Location

  • The property is located in Frenaros village, Ammochostos district, under Land Reg. No.0/4263.
  • The asset is located approximately 550 m. from Frenaros community centre and approximately 7km from the motorway.
  • 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 :

  • a duel Zone Κα6 (68%) with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction
  • Zone Εβ6-ΙΙΙ(32%) , with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.

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 810 sq. m. out of 3,238 sq.m. (25% Share). It corresponds to a Net Plot Area of 600 sq.m. after road works and green area deductions.
  • It is recommended that interested parties 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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