Description
The property comprises of three adjacent parcels of land with total area of 15.289 sqm located in Parekklisia, Limassol. The property, has a rather irregular shape and an even and slightly sloped surface. Being sited in a high hill area it offers sea view. The property is covered by planning and building permits for the division of the land into 10 plots. The works for the division of the land into plots have been initiated and progressed to significant levels, but have not been completed. The immediate area of the property is mainly classified as agricultural, whereas in the wider area residential units can also be observed. The asset enjoys good accessibility to Limassol city and the surrounding areas due to its close proximity to the Limassol and Nicosia motorway. The land falls within the Residential Planning Zone H6, with building density coefficient of 20%, coverage coefficient 20%, in 2 floors and 8.30 meters height.