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Pay in USD and save up to $19,955Description: Residence (Κατοικια)
Coverage: 0.7
Density: 1.2
Height: 11.4 meters
Allowed stories: 3
Development description: Policy Statement (Excluding Area 9) (Δηλωση Πολιτικης (Χωρ. Περιοχη 9))
Commercial: 0.19 Km
Tourist: 2.8 Km
Industrial: 0.81 Km
Agricultural: 1.49 Km
Farm: 3.44 Km
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
- Other 50% owned by a private co-owner
- Road frontage of approximately 30 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.
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For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8890351. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
