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Commercial land 4960 m²

Limassol, Polemidia - Apostolos Varnavas
Posted: 26.10.2024 19:06 Ad ID: 5367885
Commercial land 4960 m²-1 Commercial land 4960 m²-2 Commercial land 4960 m²-3 Commercial land 4960 m²-4 Commercial land 4960 m²-5 Commercial land 4960 m²-6
  • Reference number: 480031082-175
  • Land type: Field
  • Plot area: 4960 m²
  • Plot Type: Commercial
  • Online viewing: Νο
  • Square meter price: €706 /m²
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We introduce this exceptional residential land of 4,960sqm, situated in the Apostolos Varnavas quarter of Kato Polemidia Municipality, just below the highway, which can also be used for commercial development.

Being adjacent to the Limassol-Troodos highway, it is near to all amenities, supermarkets, schools, etc. Furthermore, the distance to the Casino and Mall is 4km.

The land falls within the Residential Ka5 zone with the following characteristics:

• Area: 4960sqm

• Building Density: 100%

• Building Coverage: 50%

• Floors: 3

• Height: 13.5m

• Road frontage of about 65m

The shape of the plot is rectangular, has a flat surface, and offers an excellent opportunity for residential buildings.

It is estimated that the Net buildable area will be 3740sqm after deducting Road construction and the public green park area.

Its proximity to the highway, according to the Official Limassol Town Planning 2013 Policy, offers the advantage for mixed residential/commercial development, or commercial only, like offices or any other commercial use building.

In this case, the property may benefit from an increase of 20% in Building Density (ie 4,488 sqm) and an increase in the maximum height to 4-5 floors.

It is estimated that the total development may reach 7,000 sqm, taking into consideration, underground parking, lobby area, mechanical floor, covered and uncovered verandas, and roof garden.

The property is subject to VAT.

We look forward to discussing with you the potential and prospects of this unique property.

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€3.500.000
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