We introduce this exceptional commercial 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 and has a flat surface.
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.
Call us for a viewing!
