Incomplete residential development in Frenaros, Famagusta

Ref No: 8864

€ 1,100,000 (-12%) € 1,250,000


The property concerns a share (75%) of two adjacent fields in Frenaros. The fields have a total land area of 8,085sqm. They are located 630m from Frenaros’ center and 170m from Frenaros - Deryneia connecting road. The share refers to 18 houses: 3 houses that are fully completed, 8 incomplete houses (different stages of completion) and 7 houses for which the construction has not yet started. There is a distribution agreement in place.

Energy Performance Certificate for house: Energy Class E
Energy Performance Certificate for house: Energy Class F

Owner: Atkan Limited (Gordian SPV)

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Main Features

Occupancy Status
For sale

Other Features

Land Registry

Reg. No.
0/3502, 0/3504
420, 421


Land area
8,085 m2

Town Planning

Town planning zone
100 %
Building density
90 %
Coverage ratio
50 %
Max floors
Max height
10 m
Ownership Share
75 %

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation, and is currently owned by a subsidiary company. Depending on whether the transfer of the asset may take place via the transfer and/or sale of the subsidiary company’s shares, VAT may be applicable. We recommend that you seek independent advice regarding any applicable property transfer fees and/or VAT. The above sale price does not include transfer fees and/or VAT and if such are applicable, these will be paid by the buyer over and above to the sale price, as applicable.

Any markings, or designs on the property photos are indicative, for illustration purposes only and may differ from the actual boundaries.

Gordian Holdings Limited does not make any representations and/or is not liable as to the applicability and/or validity and/or availability of any government schemes and/or subsidies and/or otherwise for this property or the purchase of this property by the Purchaser, and the Purchaser is solely responsible for any applications and/or actions that may have to be procured for such government schemes and/or subsidies and/or otherwise to be obtained and/or to apply, and such applications and/or actions shall not in any way affect the rights of Gordian Holdings Limited under the sale and purchase procedure.

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