Prime plot located in the center of Paphos, on Eleftheriou Venizelou Avenue total size 8460m2.
The land has prime central location-a frontage in the Eleftheriou Venizelou Av. and at the same time has exit/entry from Alex.Papagos Ave and Sotiris Papalazarou street.
The land is covered by EB5 and Ka5 town planning zones (EB5 ,commercial zone with building density 1:20 and Ka5 zone 1:00 for the rest) . Furthermore, the permitted building density may be increased by up to 25% through the development incentives currently in force.
There are 10 plots in total, and the maximum permitted gross internal floor area that can be constructed is 15,000 m².
The property falls within both Commercial and Residential Planning Zones, offering excellent potential for a mixed-use development project.
The permitted hight of the buildings is up to eight(8) floors,according to the permission of the article 10.3 of the local Town planning.
Property owned by a company and is the only property registered in this company and there is no other activity involved.NO VAT payable by the buyer.
Ideal for investors and land development opportunities.
