Description

The “Black Friday Comes Early” relate to promotional reduced prices on certain assets. Offerors will need to execute a relevant agreement within 15 working days with 25% down payment and with conclusion of the asset sale within 21 working days from signing date. The prices are firm and final and only offers at these fixed levels will be accepted.

Asking Price: €150.000 - Promotion Price: €130.000

Interested buyers may consider funding from Bank of Cyprus under the various Housing and other loan products offered by the Bank.

https://www.bankofcyprus.com.cy/en-gb/Personal/loans

For more information on funding please contact: +357-22-127878 for Nicosia, +357-24-144811 for Larnaca and Famagusta and +357–25-155394 for Limassol and Paphos.

This asset are the unused development rights (No.15) of a field in Argaka, Paphos.

The asset is located c. 550m southeast of Poli Chrysochous - Pomos road, c. 650m southeast of the sea bay and c. 1,3km north of Argaka village centre.

The asset has unused development rights with a permitted buildable area of 202sqm. The total land area is 3,431sqm and is affected by compulsory purchase of 1,810sqm. It benefits from c. 172m road frontage along its east border

The immediate area of the asset comprises of residential developments and undeveloped parcels of land.

The asset falls within touristic Planning zone T3β with the following parameters:

- Hotels: 30% building density, 20% coverage, 3 floors and a maximum height of 13.1m.

- Touristic villages: 25% building density, 20% coverage, 2 floors and a maximum height of 8.3m.

- Houses: 20% building density, 20% coverage, 2 floors and a maximum height of 8.3m.

THE PRICE IS SUBJECT TO VAT.

Reg. No.: 0/4464

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
 

Additional Details