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Residential Plot near Casino

€ 10,000,000 +VAT
394
FOR SALE

Overview

  • Updated On:
  • February 2, 2024
  • Property ID
  • 74694

Property Description

The plot is located in Zakaki area at the western part of Limassol, close to new Casino.

The project consists of two smaller plots. Both plots have a combined area of 8545 sq.m.
The plots are available for sale, exchange or any other kind of investment, either as a whole, or merged and then divided as necessary in two or more parts. (The existing small buildings within the plot can be demolished as required.) The large size of the plot with such characteristics is scarce and unique in the area, therefore it adds value to the property (“scarcity value”).
Due to its size and location, the plot is eligible for further planning schemes and government incentives, to effectively increase the height and buildable area.

  • Total area of plots 8,234+311= 8,545 sq.m.
  • Possible Area of Public roads – 907 sq.m. Maximum
  • Total Area minus Public Roads 7,638 sq.m.
  • Public Green Area 15%* -1,146 sq.m.
  • Total NET Area of plots 6,492 sq.m. Minimum

Zoning

  • Proportion in zoning Κα5 (100%) = Residential 4,726 (4,726×1.0)
  • Proportion in zoning Eβ5 (120%) = Commercial / Multi 2,119 (1,766×1.2)
  • Net buildable Area 6,845 sq.m. Minimum
City:
Area:
State/County:
Country: Cyprus
Open In Google Maps
Property Id : 74694
Price: € 10,000,000 +VAT
Plot Area: 8545
ID: P104S
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