Incomplete House & Inexhaustible Development Rights - Empa, Paphos

Incomplete residential development comprising 1 incomplete  house and inexhaustible development rights, in Emba Community, of Paphos District, approximately 330 meters east of Panagia Chryseleousa church. Incomplete residential development comprising 1 incomplete  house and inexhaustible development rights, in Emba Community, of Paphos District, approximately 330 meters east of Panagia Chryseleousa church. The property is situated close to all necessary amenities and services. In addition, it enjoys good access to the neighboring communities and municipalities. The development consists of 3 two-storey houses, one incomplete residence, and inexhaustible development rights, with the properties for sale relating to the incomplete residence, and inexhaustible development rights. The incomplete residence has been built within no. 7 on the ground floor of the special horizontal division plan, with a land area of approximately 241 sq.m. and is located at the point where the ground floor and first floor framework has been completed. According to the title deed, the permitted development is up to 100 sq.m.  The inexhaustible development rights are located at no. 8 on the ground floor on the special horizontal division plan, with a land area of approximately 645 sq.m. It has an irregular shape with a slightly sloping ground surface and is accessed thru a registered road with a frontage of approximately 27 meters. According to the title deed, the permitted development is up to 430 sq.m.  Each property has a separate title deed. The properties fall within Residential Zone Ka8 with a building coefficient of 60%.  The properties are sold as a single unit. 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 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).