The asset concerns a 16.6% undivided share of Residential Field in Ormidia, Larnaca District, representing 530 sq.m. of the total of 3.127 sq.m. field. Ormidia is known for its peaceful environment and is experiencing rapid development, making this share of land a valuable investment opportunity in a growing area.

Strategically positioned, the field enjoys excellent accessibility and proximity to key landmarks:

\u2022 500m southeast of Ormidia village center
\u2022 200m east of Larnakos Avenue
\u2022 450m northeast of the Ormidia community stadium
\u2022 850m north of the beach

The property enjoys significant advantages due to its location along a registered public road along the eastern boundary. It features a generous road frontage of approx. 120m, which enhances visibility and accessibility. Direct access is provided via Theodorou Kolokotroni Street.

The expired planning permit (\u039b\u0391\u03a1\/820\/2009), originally intended to subdivide the land into three distinct plots plus one residual field indicating a planned development layout. Despite the title deed referencing a \u201cHouse\u201d, the 16.6% undivided share currently offered pertains solely to vacant land, not to any built structure. This distinction clarifies that the share does not include ownership of an existing dwelling but rather a proportional interest in the undeveloped land parcel. No distribution agreement in place.

This is an ideal investment opportunity for those looking to secure land in a quiet residential area with close proximity to amenities, infrastructure, and the coast.

The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio Management Holdings Limited.","The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.