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The property is a field located in Paramali village, in Limassol district.
It is located c. 500m north of the Limassol - Paphos motorway and 500m west from the center of Paramali village.
The property has a flat even surface and an irregular shape with an area of 28,538sqm. The field is adjacent to a dirt road along its east border. The field has a dual planning zone as c.17,168sqm fall into protection planning zone Z1, whereas c. 11,370sqm (part of the U.K. Sovereign Base Area) fall within the agricultural planning zone Γ0.
The field is currently cultivated based on the existing lease agreement.
The immediate area comprises of of land used for agricultural and farming purposes.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within planning zone Z1 with 6% building density, 6% coverage, 2 floors and a maximum height of 8.3m.
All urban 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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