€5,500,000 $5,981,713
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Pay in USD and save up to $209,360Key features
- Listing ID: 888837 (6870)
- Plot: 3590 sqm
- Building Zone: ΖΕΑΑ
Description
The property is a seafront commercial plot in Chrysopolitissa. It is located in the area of former Refineries, along Ammochostou Avenue, and next to the American University of Cyprus. It has an area of 3,590s sqm and a 30m road frontage. It falls within the ZEΑA planning zone, one of the most generous planning zones of the new area plan. The ZEAA zone allows for residential, touristic, office, leisure, and commercial uses, as well as for any other uses that are deemed aligned to the character of the area with a maximum allowable height of 68m/15 floors. The allowable building density begins at 100% but can be increased through selected incentives that are either exclusive or non-exclusive to the Area Plan. The property is in the heart of the new area to be developed. It is surrounded by a vast number of new constructions and amenities following the ongoing projects of the Larnaca Marina and Port as well as the announcement for the development of the Land of Tomorrow project.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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