1416m² Land in Limassol, Cyprus No. 42158

Property description

Reference ID: #SA33111Price details: €5,300,000Attractive commercial plot in one of the most central areas of Limassol. Located within the Historic area of Limassol, an area known for its commercial and residential activity. It offers excellent access to the motorway and is just 100 metres from the most commercial street in the city. Its proximity to private universities, schools, supermarkets and other amenities make this plot particularly appealing.Ideal opportunity for investment.The property falls within two planning zones:Εβ3 (45%) with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m heightΚα3 (55%) with a building density coefficient of 140% and a coverage coefficient of 50%, over 4 floors and 17m height There are already Planning and Building Permits for the erection of a 10 upper ground commercial levels totaling around 3940 sqm and 2 underground levels totaling around 2055 sqm. The plot is registered on a holding company thus No VAT is imposed.