Opis:

The property consists of 2 well located adjacent plots of land totalling 1.035 sqm (468 sqm and 567 sqm) in the Ap. Petrou and Pavlou area, in central Limassol.

The property presents an excellent development opportunity, benefiting from a flat even surface and a trapeze shape, and is covered by utilities including electricity, water and telecommunications.

The wider area is considered residential with blocks of flats and detached/semi-detached houses of high quality. Assets in this area benefit from easy access to the Limassol city centre and other neighbourhoods due to the proximity of Spyrou Kyprianou Ave. and the close vicinity of the Limassol - Nicosia motorway.

Plot 2/762 (468 sqm) is zone as Eβ4 (commercial) with 140% building density, 50% coverage, 4 floors and a maximum height of 17m.

Plot 2/209 is zoned as Κα4 (residential) with 120% building density, 50% coverage, 3 floors and a maximum height of 13,5m.

If merged, the plots may benefit from incentives (10% increase to building density) as the property sits on Commercial Activity Axis I.

Plot Size (m2): 1,035
Zoning: Commercial Planning Zones Εβ4 Residential Planning Zones Κα4