Commercial land in the heart of Limassol
For Sale / EUR 1.600.000
This piece of land is located 75 meters south of Makarios Avenue which the most commercial road of Limassol. More specifically it's on Thessalonikis street.
The land has has three old houses in it which are for demolition so any potential purchaser will NOT have to pay VAT on top of the price!
According to the Limassol Local Plan, the subject piece of land falls within two planning zones as analyzed below:
* 52% falls within the commercial zone Eβ3 which allows 160% building density, 50% coverage density and 5 floors to be built.
* The rest 48% falls within the residential zone Ka4 which allows 140% building density, 50% coverage density and 4 floors to be built.
The planning authority will give permission to any potential purchaser to use the whole land for commercial use construction since its biggest percentage is commercial.
Title deed available on request.
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