Ref. No. 21779 Touristic Land
€831,000
Plus VAT
Timi
Paphos
Touristic
Land
24081m²
Plot
Property Consultant
Gareth Ronweil
Property Description
This property is a field in Timi, Paphos.
The property is located c. 420m southeast of Timi – Paphos airport road, c. 2,2k, east of Paphos airport and c. 2,3km south of the Timi’s centre.
The property has an area of 24,081sqm and benefits from c.117m sea frontage on its south border. It has a rather regular shape and a smooth flat surface and offers nice sea view. Part of the property (c. 5,700sqm) falls within the beach protection zone while another part of the property falls within Paphos Airport Public Safety Zone, which only permits limited uses. The property is landlocked.
The immediate area comprises of agricultural and undeveloped parcels of land.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within planning zone T3γ:
-Hotels 25% building density, 20% coverage, 3 floors and a maximum height of 13,1m.
-Touristic village with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.
-Houses with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.
THE PRICE IS SUBJECT TO VAT.
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
The property is located c. 420m southeast of Timi – Paphos airport road, c. 2,2k, east of Paphos airport and c. 2,3km south of the Timi’s centre.
The property has an area of 24,081sqm and benefits from c.117m sea frontage on its south border. It has a rather regular shape and a smooth flat surface and offers nice sea view. Part of the property (c. 5,700sqm) falls within the beach protection zone while another part of the property falls within Paphos Airport Public Safety Zone, which only permits limited uses. The property is landlocked.
The immediate area comprises of agricultural and undeveloped parcels of land.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within planning zone T3γ:
-Hotels 25% building density, 20% coverage, 3 floors and a maximum height of 13,1m.
-Touristic village with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.
-Houses with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.
THE PRICE IS SUBJECT TO VAT.
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
€31,410
BUYING AS AN INDIVIDUAL
€29,840 Transfer fees + €1,570 Stamp Duty
€28,010
BUYING ON JOINT NAMES
€26,440 Transfer fees + €1,570 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.
