Land for sale

Description

The plot, which encompasses a total area of 4.125sqm, is adjacent to Omonoias Avenue extending from the main motorway of Nicosia – Limassol – Paphos. Specifically, it is located on the motorway leading to the New Port of Limassol, on Omonias Avenue, approximately 50 metres south-west of the junction of Spyrou Kyprianou Avenue. Its location connects the two main avenues of Limassol, Spyrou Kyprianou Avenue and Makarios III Avenue.

The wider area where the plot is located, benefits from major upcoming residential, commercial and other developments including the new Limassol casino resort “City of Dreams Mediterranean”, many new residential developments. It is also located near the new area that the new Planning Zones have provided incentives for high buildings of H120m (namely the “Special Area between the Old and New Port”).

It has a regular, elongated shape with a smooth flat surface, while three (3) registered, public, asphalted roads lead to the western boundary of the plot.

This strategically situated plot is considered ideal for commercial development particularly office spaces or student accommodation (125 studios of 30 sq.m. each). A study undertaken by relevant professionals has shown that the office spaces development can total a density (including verandas) of 5.621 sq.m. (+) and the student accommodation development can total a density (including verandas) of 5.271 sq.m (+).

The property falls into 2 planning zones Εβ and Κα5.

Κα:100% building density,50% coverage, 3 floors and a maximum height of 13.5 meters.