€3,500,000 $3,804,675
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Pay in USD and save up to $133,164Planning Zone
Residential (ΚΑ5)
Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 1
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Limassol (Τοπικο Σχεδιο Λεμεσου)
Nearby planning zones
Commercial: 0.58 Km
Tourist: 6.13 Km
Industrial: 1.8 Km
Agricultural: 1.6 Km
Farm: 7.33 Km
Key features
- Listing ID: 1504320 (480031082_174)
- Plot: 4960 sqm
- Title Deed Issued, Residential
Description
We introduce this exceptional residential land of 4,960sqm, situated in the Apostolos Varnavas quarter of Kato Polemidia Municipality, just below the highway.
Being adjacent to the Limassol-Troodos highway, it is near to all amenities, supermarkets, schools, etc. Furthermore, the distance to the Casino and Mall is 4km.
The land falls within the Residential Ka5 zone with the following characteristics:
• Area: 4,960sqm
• Building Density: 100%
• Building Coverage: 50%
• Floors: 3
• Height: 13.5m
• Road frontage of about 65m
The shape of the plot is rectangular, has a flat surface, and offers an excellent opportunity for residential buildings.
It is estimated that the Net buildable area will be 3,740sqm after deducting Road construction and public green park area.
Its proximity to the highway, according to the Official Limassol Town Planning 2013 Policy, offers the advantage for mixed residential/commercial development, or commercial only, like offices or any other commercial use building.
In this case, the property may benefit from an increase of 20% in Building Density (ie 4,488 sqm) and an increase in the maximum height to 4-5 floors.
It is estimated that the total development may reach 7,000 sqm, taking into consideration, underground parking, lobby area, mechanical floor, covered and uncovered verandas, and roof garden.
The property is subject to VAT.
We look forward to discussing with you the potential and prospects of this unique property.
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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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