Bazaraki
Property 6417510
Limassol · EUR 500,000 · Unknown type
PYRGOS A 50% share of a building plot is available for sale in Pyrgos, Cyprus. The property concerns a divided residential parcel where the seller holds the right-hand (green) portion. The remaining 50% is owned by another co-owner, with existing signed distribution agreement in place. The land is suitable for residential development and investment purposes. - Location: Pyrgos - Half share (50%) of a registered plot with existing distribution agreement - Seller holds the right-hand (green) section as per partition plan - Other 50% owned by a private co-owner - Road frontage of approximately 60 meters - Building density (Factor): 30% - Coverage ratio: 20% - Zoning: Pure residential use - Suitable for investment, developers, or residential development - Clear title deed available for the entire parcel (shared ownership structure) - Clause in partition agreement allows boundary adjustment if required by restrictions to maintain equal 50% net ownership - Property is considered even and buildable - Potential for development planning or future subdivision discussions - VAT exempt based on confirmation from the tax department - Co-owner side has expressed intent to proceed with subdivision, while the seller prefers not to engage further in development processes - This property offers a structured opportunity within an established shared ownership framework. - The frontage and zoning parameters support viable residential development potential. - Clear legal documentation and partition agreement are already in place. - An ideal option for buyers seeking land with defined ownership rights in Pyrgos. Call us for more information!
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