€1,250,000 $1,359,480
Dom Real Estate
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Pay in USD and save up to $47,582Key features
- Listing ID: 1452569 (99388)
- Plot: 6689 sqm
Description
A large plot of land for sale is located in the area of Kiti, Larnaca. It represents an attractive opportunity for investing in real estate. According to local planning legislation, various types of facilities can be built on this site. In particular, it is allowed to build hotels with a building density of 45%, a maximum height of 13.1 meters and the possibility of building up to three floors. It is also permissible to build tourist settlements with a building density of 40%, a maximum height of 8.3 meters and the possibility of building up to two floors, and the construction of residential buildings with a building density of 20%, a maximum height of 13.1 meters and the possibility of building up to three floors. All these possibilities make this plot of land an ideal place for the creation of tourist facilities, as well as for the construction of comfortable housing. The purchase of this piece of land can be an excellent investment decision for a future business or for investing in real estate.
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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