Large land for multipurpose uses
For Sale / EUR 2.700.000 (VAT not included)
The property is situated close to amenities and services, approximately 3 km from Limassol Casino and Limassol Mall, 4km from Limassol’s New Port and 5km from Limassol Marina.
Ideal for the development of a Commercial Center consisting of offices and showrooms, DIY stores, Supermarkets, e-commerce stores, cinema complex, Luna park, Private Hospital, apartment buildings, student halls or a mixed use development.
Out of the total 8990m2 the 4675m2 of the land falls into the Commercial Zone Εβ and the remaining 4315m2 within the Residential Zone Ka7, both having the following planning characteristics:
•Building Density: 80%
•Building Coverage: 45%
•Maximum Floors Allowed: 3
•Maximum Height: 13,5m
In addition, the land can get benefit from the following town planning incentives:
•Increase of 5% of the building factor for the implementation and use of renewable energy resources
•Increase of 20% for the commercial part from transfer of building factor from a listed building
•Increase of 5% for the residential part from transfer of building factor from a listed building
Also based on different development scenarios the building factor can have:
• Additional increase of 10% on the commercial part of the Land, as an incentive provided that there is going to be a fully commercial – office building
• Additional increase of 20% as an incentive for the development of student halls.
To arrange an appointment to view this and any other property from our website, please call or email us directly.