3,309 SQM Commercial Land for sale in Peyia, Paphos

This asset is a 5578/10285 share of a field in Pegeia, Paphos. The asset is adjacent to Agiou Georgiou Avenue, c. 1,2km east of the coast and c. 2,5km southwest of Pegeia Municipal Stadium. According to the title deed the field has an area of 10,285sqm. Following a demarcation (AX/68/2020) and the deduction of compulsory purchase (road network)  and the green area, the actual size of the land is reduced to 6.102sqm. BoC shares equals to 3.309sqm. The field benefits from c. 90m road frontage along the Agiou Georgiou Avenue on its northeast border and c. 22m frontage along a registered road on its southwest border. A distribution agreement exists but was not submitted to the Land Registry. The immediate area comprises of residential and touristic developments. The asset falls within commercial planning zone ΕΜΠ1 and holiday houses planning zone Π1 with 15% building density, 15% coverage, 2 floors and a height of 8.3m. THE PRICE IS SUBJECT TO VAT. Reg. No.: 0/45423 (5578/10285 share) All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.