Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Field - Palodeia, Limassol

Limassol - Ref. PR34719Map

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Field - Palodeia, Limassol

Ref. PR34719

Maybe subject to VAT


Reserve Price

This is a direct sale of a mortgaged property, in accordance with article 44H (3) of the Immovable Property (Transfer and Mortgage) Law of 1965, as amended from time to time.

Please note that:
(a) only offers that exceed the reserve price shall be reviewed; and
(b) the mortgagee shall not pay any real estate agent’s fees. If a prospective purchaser appoints a real estate agent, it is their obligation to pay the real estate agent’s fee.

Residential field in a quiet location in Palodeia Community in Limassol District, at a distance of 1 km (approx.) west of the community center and 720 meters (approx.) northeast of Heritage Private School.

It is situated close to all necessary amenities and services. In addition, it enjoys excellent access to the city of Limassol, the motorway and the neighboring communities.

The field has an almost rectangular shape and a level surface. It abuts onto a public road along its northern boundary with a frontage of 180 meters (approx.).  Furthermore, it abuts onto another public road along its eastern boundary with a frontage of 88 meters (approx.).

It is suitable for the division of plots or for a unified residential development.

It is considered as an ideal choice for a land developer or an individual.


The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

Tenders submitted for an Amount below the Reserve Price shall be rejected.

The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

District: Limassol

Municipality: Palodeia


  • Use: Residential
  • Land area: 13,471 m2 (whole share)
  • Title deed: The property has a separate title deed

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
0/7588 53/32 0 240
  • Planning zone: Η4
  • Building Coefficient: 40%
  • Coverage Coefficient: 25%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 8,30

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.


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