12,753 SQM Land for sale in Erimi, Limassol

This residential zoned field is located in the Erimi Municipality in Limassol District. It is located circa 300m north of the Limassol – Paphos Motorway and 1.3km northwest from the centre of the community. It has a rather regular shape, flat even surface and totals 13.713 sqm (93% of this area or 12.753 sqm is under BoC ownership with a distribution agreement in place indicating that one plot is under the ownership of the co-owner). The asset is accessible from a registered asphalted road at its northeast border and a semi-completed road is in the process of being registered (to the northwest). It sits 2m higher than the road surface and abuts another road which is in the process of being registered at the western boundary of the asset. It abuts a stream on its east boundary, whereas at the southeast side of the asset there is a two storey development which is owned by the co-owner. The property is served by all the utility services i.e. water, electricity and telecommunication The immediate area has experienced significant levels of growth over the past few years driven from the division of land into plots and residential developments which have attracted a significant level of demand over the past few years. Properties in the area of interest benefit from good accessibility to the Limassol city centre as well as other metropolitan areas through the motorway. In the wider area there are several points of reference like the Kantou Reservoir, the Cyprus Wine Museum and there are multiple residential developments concentrated in the Kantou Community and the Erimi Council area. The asset falls within the Residential Planning Zone H3 with a building density coefficient of 60% and a coverage coefficient of 35%, over 2 floors and 8,3m maximum height. Ownership held: 93% THE PRICE IS SUBJECT TO VAT. Reg. No. : 0/5407 All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.