(Share) Residential/Agricultural Field in Palaiometocho, Nicosia

Land size 5.289 m²
Share ownership 50%

Property description

A 1/2 share of 5,289sq.m. mixed-use field located in Palaiometocho, Nicosia. The subject property concerns a 1/2 undivided share.

Property Highlights:
• Total Field Area: 5,289sq.m. (1/2 share, approx. 2,644.5sq.m.)
• Access: Public registered asphalt road, featuring approximately 110m of frontage along the western boundary
• Terrain: Level.

Planning Zones:
The property falls within two distinct planning zones:
Zone H3 (88%):
•Building Coefficient / Build Factor: 60%
•Coverage Factor: 35%
•Floors: Permission for 2 floors (maximum height of 8.3m)
Zone Γ3 (12%):
•Building Coefficient / Build Factor: 10%
•Coverage Factor: 10%
•Floors: Permission for 2 floors (maximum height of 8.3m).

Location:
Situated in Palaiometocho, Nicosia District, offering a quiet rural setting
• Approximately 20m east of the Palaiometocho B' Primary School
• Approximately 400m south of the Palaiometocho Communal Stadium
• Directly abuts a river stream / governmental land / green area along its northern border.

Note:
The field is partially affected by road widening, with the affected area estimated at approximately 782sq.m.

No distribution agreement in place.

Extra information

General

Share ownership 50%
Occupancy status Vacant

Plot

Land size 5.289 m²
Slope Flat
Registration number 0/28045
Sheet/Plan 0/2-216-387
Block 6
Parcel no. 259
Address Panagias ton paidion street -, 2682

Planning characteristics

Zone	Cover factor	Build factor	Max floors	Max height	Affected %
H3	35%	60%	2	8.3 m	88%
Γ3	10%	10%	2	8.3 m	12%

Documents

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Disclaimer: The property is owned by Themis Portfolio Management Holdings Limited. The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area. Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

Disclaimer: The sale of the property, which comprises of a property share 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.

Disclaimer: 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).