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Development opportunity in an excellent location!
The property is a 50 % share (corresponds to approx.255sq.m.) of a residential plot of a total land area of 510sq.m. with an obsolete house situated in Agios Spyridon Quarter, in Limassol Municipality, Limassol District.
The plot occupies a corner position with a rectangular shape and a flat surface opposite a green area.
Access to the plot is via a registered road with a total frontage of approximately 43m.
No distribution agreement is in place and the other 50% share is also available for sale.
The asset is located approximately 2.5km from the Limassol Port and approximately 3km from A1 motorway.
The property falls within Zone Κα5, with a building coefficient of 100%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
GPS coordinates: 34.669686, 33.008465
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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