Land for development of a 13 floor building on Spyrou Kyprianou Avenue
For Sale / EUR 4.200.000
This is a piece of land for sale with approval to construct the project analysed below and as shown in the pictures. An SPV is available for sale, providing significant VAT and transfer fee savings.
It has been agreed to construct a 13 storey Single Mixed Used Tower. Its areas are analysed in one of our pictures. The project is in Limassol city centre, on Spyrou Kyprianou Avenue, one of the most commercial avenues of Limassol, just 900 meters from the highway connecting Limassol with Paphos, Larnaca and Nicosia cities. The sea is just 2 kilometres away. All floors above the 4th floor will enjoy panoramic city and sea views.
According to the Limassol Local Plan, the subject land falls within two planning zones as analysed below:
* 22% falls within the commercial zone Eβ4 which allows 140% building density, 50% coverage density and 4 floors to be built.
* The rest 78% falls withing the residential zone Ka4 which allows 120% building density, 50% coverage density and 3 floors to be built.
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