PRICE HAS BEEN REDUCED.
Property is situated at a mean altitude of 462 metres above sea level at "Fractades" locality within the administrative and residential area of Kapileio village, Limassol District on the Limassol - Agios Mamas main road and with separate secondary public road access.
A very large attractive building block perfect for the building of a permanent home or a place to get away from the city on weekends or from the city heat in the hot summer or to a cozy fire in the winter.
Only a short drive to the beautiful Troodos Mountains and the many surrounding attractions.
At 1,620m², this large piece of land could allow for at least two houses to be built for family members. Electricity and water services available and subject to normal approvals construction can begin immediately.
The property has been cleared of all weeds and other vegetation but leaving the very old olive trees in full view.
Property is subject to a registered Separation Agreement giving full possession and unrestricted access for development or sale to each owner. The property can be pledged as mortgage security without affecting the other party's share. Also, the process has been started with Lands Department to formally sub-divide the property with an individual title to issue over this lot. This is a slow process but any buyer can continue with it and in due course get a clear title over this lot. More information available on request.
An independent valuation (both in Greek and in English) dated May 2024 by a professional licensed valuer is available upon request. Upon completion of the separate title process the value of this property will be well in excess of the 2024 valuation.
The property has been fully cleared and surveyed with boundary markers in place.
To effect an early sale price has been reduced.
