Ref. No. 22499 Touristic Land

€1,200,000 Plus VAT
Sotira Famagusta
Touristic Land
6719m² Plot
Sales Agent Stefanos Constantinou

Property Description

This property is an under-division plot (No.2) in Sotira, Famagusta.

The property is located c. 400m northwest Agia Thekla beachfront and c. 2km west of Ayia Napa Marina.

The property has an area of 6,719sqm and will benefit from a road frontage of along a registered road.

The immediate area comprises of touristic developments as well as undeveloped parcels of land.

The property falls into touristic planning zone T2β with the following characteristics:

- Hotels: 40% building density, 25% coverage, 3 floors and a maximum height of 13,5m.

- Touristic village/villas: 35% building density, 25% coverage, 2 floors and a maximum height of 10m.

- Houses: 20% building density, 20% coverage, 2 floors and a maximum height of 10m.

Owner: Bank of Cyprus Public Company Ltd & Emovera Properties Ltd

THE PRICE IS SUBJECT TO VAT.


Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 14/02/2024.

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

Property Features

Plus VAT

Transfer Fees

€46,908
BUYING AS AN INDIVIDUAL
€44,600 Transfer fees + €2,308 Stamp Duty
€43,508
BUYING ON JOINT NAMES
€41,200 Transfer fees + €2,308 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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