Limassol Property, Large Commercial Plot within City.

€1.250.000

Description

MK11798

Large commercial plot within the city located close to the department of Lands and Surveys. The surrounding area is predominantly commercial, with most of the governmental offices such as the Vat Office, the Ministry of Labour and many more are in the vicinity. Moreover in the surrounding area there are many offshore and shipping companies, which are benefited as the major advantage the plot enjoys, is that it is minutes away from Limassol’s old Port, Limassol’s New Port and the newly established Limassol Marina. According to the local plan the plot falls within the Eb4 commercial building zone which sets out the following parameters: Building Density 140%, Building Cover 50%, Floors 4, Height 17 m, available for a scheme of 4 floors for any commercial development. However the Land Registry in order to promote more parking places in the vicinity, has pointed out that if a proposed development creates 60 parking spaces, the building factor will rise to 210% with 8 available building floors instead of 4. License for Petrol station available. It is also in the plan that provides incentives for the creation of public parking areas.

 

Property Features:

Distance to city centre, km 2.5

Distance to sea, km 1

Close to amenities

Land area: 1,320 m2

 

Price  is subject to VAT.

Location

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