58,280 SQM Tourist Land for sale in Geroskipou Plage, Paphos

Located on the first line of the sandy beaches of Geroskipou Bay in Paphos, this land is available for sale. It covers a total area of 58,280 sqm. Suitable for development and investment purposes.

It falls into 4 Town Planning Zones.

•Town Planning Zone Τ5β (Τourist Zone)
Building Density Coefficient: 30%
Building Coverage Coefficient: 20%
Height: 10m
Levels:2

•Town Planning Zone T3ε2 (Τourist Zone)
Building Density Coefficient: 25%
Building Coverage Coefficient: 20%
Height: 10m
Levels:2 ,

•Town Planning Zone Γα2 (Agricultural)
Building Density Coefficient: 6%
Building Coverage Coefficient: 6%
Height: 7m
Levels:2

•Town Planning Zone Δα1 (Protection)
Building Density Coefficient: 0.5%
Building Coverage Coefficient: 0.5%
Height: 5m
Levels:1

DEVELOPMENT AREA ANALYSIS
Prepared by Civil Engineer Aris Sofokleous, Advanced Civil Engineering Solutions

The Land Benefits from the below Urban Incentives:
• Incentive No 1: Urban Incentive Plan for the Recovery of Development Activity in Cyprus
In designated Tourist Zones with a Building Coefficient for Hotels or other Development for Tourism, greater than 0.20:1, the building coefficient will increase by 20% for all types of Development allowed.
20% Increase // 2,605.9 sqm
• Incentive No2: The Preserved & Listed Buildings Law (Law 240(I) of 2002) Decree Pursuant to Article 3(1)
An addition of 15% of extra Building Coefficient will be allowed to be transferred, from listed buildings to all Tourist Zones of Local Plans of Development
15% Increase // 1,954.4 sqm
• Incentive No3: Urban Incentive Plan for the Recovery of Development Activity in Cyprus
An additional 5% of extra Building Coefficient is provided, with the prerequisite that all the energy needs of the Development will be covered by renewable energy sources
5% Increase // 651.5 sqm
• Incentive No4: Incentive Scheme 2019-2019 for the Creation of Parking Spaces for Public Use
An additional Building Coefficient of up to 50%, the potential Investor might benefit from, if he manages to prove that the creation of a Parking Lot in this Location, for Public use, is necessary and will benefit the area in a positive way.
The Incentive above is at the discretion of the Town Planning Department, whether it will be approved or not and to what extent.
50% Increase / / 6,514.8 sqm

Development Scenario No 1:
Urban Characteristics & Incentives 1,2,3
Plot size: 58,280 sqm
Deductions (Road Network & Public Green Area): 10,490.4 sqm
Clear Plot Size for Development: 47,789.6 sqm
Building Coefficient: 13,029.6 sqm
Incentive No 1: 20% // 2,605.9 sqm
Incentive No 2: 15% // 1,954.4 sqm
Incentive No 3: 5% // 651.5 sqm
Increased Building Coefficient: 18,241.4 sqm
Coverage: 9,007.3 sqm

Development Scenario No 2:
Urban Characteristics & Incentives 1, 2,3, 4
Plot size: 58,280 sqm
Deductions (Road Network & Public Green Area): 10,490.4 sqm
Clear Plot Size for Development: 47,789.6 sqm
Building Coefficient: 13,029.6 sqm
Incentive No 1: 20% // 2,605.9 sqm
Incentive No 2: 15% // 1,954.4 sqm
Incentive No 3: 5% // 651.5 sqm
Incentive No 4: 50% // 6,514.8 sqm
Increased Building Coefficient: 24,756.2 sqm
Coverage: 9,007.3 sqm