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Incomplete houses and land in Moni, Limassol

Ref No: 8207

€ 850,000

Description

The asset is a 91% share of a field with three incomplete houses in Moni. It is located 420m from the main road to Pyrgos and 1,2km from Limassol - Paphos highway.

The field has a total area of 13,044sqm. Within the field, there are seven residences in total (four of them are completed and sold) and an electrical substation of EAC. The share (91%) corresponds to the rest of the parcel which according to a distribution agreement sums up to 11,894sqm.

It comprises mostly vacant land, two incomplete two storey residences on the northeast part (on a corner plot of 335sqm and a regular plot of 303sqm) and one incomplete two-storey residence on the south-eastern part of the parcel (on a corner plot of 1,130sqm with name ''Zeus'').

The two residences on the northeast part are identical they have an enclosed area of 132sqm and 22sqm covered verandas each. They were designed to consist a kitchen with a dining area and a living room on the ground floor and three bedrooms with en-suite bathrooms on the first floor. Externally they also have a swimming pool. The two residences are at a 90% completion stage.

The ''Zeus'' residence according to the architectural plans would have 424sqm of covered areas. The ground floor was designed to comprise an open plan kitchen/living room area, a WC and a bedroom with an en suite WC. The first floor would consist of four bedrooms with en-suite bathrooms and two with walk-in closets. Externally it would have four covered parking spaces, an elevated residence with a kitchen/living area, a bedroom, a bathroom, a swimming pool and a BBQ kiosk with WC. The ''Zeus'' residence is at 40% completion stage. It is in poor condition and is considered of no economic value.

Main Features

VAT
Yes
Occupied
No
Status
For sale

Other Features

Land Registry

District
Limassol
Community
Moni
Reg. No.
0/7890
Sheet/Plan
54/32
Parcel
409
Zone
Η4

Areas

Covered Area
695 m2
Land area
13,044 m2

Further Features

Year of construction
2011

Town Planning

Town planning zone
Residential
Building density
40 %
Coverage ratio
25 %
Max floors
2
Max height
8.30 m
Shared
Yes
Shared percentage
91 %

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

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