Exceptional Land Development Opportunity in Pegeia, Paphos. The property for sale concerns a 34% undivided share, corresponding to 6,221sq.m. of the total land area of 18,312sq.m., with an existing residence.

Property Highlights:
\u2022 Land Area: 6,221sq.m. (34% undivided share of 18,312sq.m.)
\u2022 Existing Building: Residence with a total covered area of 328sq.m.
\u2022 Development Potential: Large landholding in a sought-after area, offering excellent long-term investment prospects (subject to obtaining the necessary planning permissions).

Existing Residence:
\u2022 Ground Floor: Entrance hall, multiple living and sitting areas, formal dining room, two kitchens, two bedrooms, an office, two bathrooms, and a shower\/toilet.
\u2022 Upper Floor: Two bedrooms and one bathroom
\u2022 Additional Features: Landscaped gardens and a private swimming pool

Location:
\u2022 Approximately 950m from Saint George Harbour
\u2022 Approximately 1km from the coastline

The property falls within Residential Zone \u03976, allowing for a building density of 20%, coverage of 200%, and permission for 2 floors (8.3m) of construction.

No Distribution Agreement in Place.

Energy Category: D","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.