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Residential field in Pegeia, Paphos

  • Cyprus
  • Land/Site
  • Commercial

Invited Opening Bid €355.000

8 %

Now €325.000

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Property Summary

  • A Π1 zoned residential field with unexhausted building density rights in the Municipality of Pegeia, Paphos
  • Extending to approx. 3.064 sq. m. with 558 sq. m. of unexhausted building rights
  • Potential for residential development (Subject to obtaining all necessary permits).
  • 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. 

Contact Us

Yiangos Hadjivassiliou
Yiangos Hadjivassiliou
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

Contact Us

Yiangos Hadjivassiliou
Yiangos Hadjivassiliou
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

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Property description

  • A residential field with unexhausted building density rights in the Municipality of Pegeia,
  • The property benefits from a north-eastern frontage of approximately 60 meters on the registered, public, asphalt paved Agios Georgios Avenue.
  • We are informed that the site area extends to approximately 3.064 sq. m. with 558 sq. m. of unexhausted building rights as per the title deed provided.

Location

  • The property is located in the Municipality of Pegeia, in the district of Paphos, under Land Reg. No. 0/51943.
  • The property abuts Agios Georgios Avenue which connects the communities of Pegeia and Kissonerga, and it is located approximately 1km north-east of the coast.
  • The immediate area of the property is mainly characterised by empty residential plots and residential development.

Tenancy

  • Vacant Possession

Zoning

  • As per information provided the property falls within the residential planning zone Π1 which allows for 15% building coefficient, 15% building coverage, 2 floors and up to 8,3 m.

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. 3.064 sq. m. with 558 sq. m. of unexhausted building rights.
  • Interested parties are recommended 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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