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The asset consists of three adjacent plots in Kato Polemidia, Limassol.
The properties are located c. 100m northwest of the Kato Polemidia industrial area and 600m southeast from the Paphos roundabout.
The assets have an area of 625sqm, 606sqm and 641sqm for a combined total area of 1,872sqm. The plots enjoy a road frontage of 30m along Georgiou Varnakioti Street, 40m along Andrea Araouzou Street and 22m along Georgiou Dikaiou Street.
The plots are covered by all utility services (water, telecommunications, and electricity).
The immediate area of the properties comprises of residential, commercial, industrial developments.
The assets fall within two planning zones, with the following characteristics:
• For plot 0/29103 (606sqm) residential Κα5: Building density coefficient of 100%, coverage coefficient 50%, in 3 floors and 13,5m height.
• For plots 0/29100 & 0/29104 (625sqm & 641sqm) industrial Eβ6: Building density coefficient of 100%, coverage coefficient 50%, in 3 floors and 13.5m height.
THE PROPERTY IS SUBJECT TO VAT.
, 0/29103, 0/29104
All urban planning features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
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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