Description
The surrounding area of the plot is predominantly commercial, with most of the governmental offices such as the Land Registry Office, the Ministry of Labor and many more are in the vicinity. Moreover in the surrounding area they are situated many offshore and shipping companies, which are benefited as the major advantage the plot enjoys, is that it is minutes away from Limassol Old Port, Limassol New Port and the newly established Limassol Marina.
A building factor of 1.40:1, coverage of 0.50:1, available for a scheme of 4 floors for any commercial development. However the Land Registry in order to promote more parking places in the vicinity, has pointed out that if a proposed development creates 60 parking spaces, the building factor will rise to 210% with 8 available building floors instead of 4. Licence for petrol station, shop and car wash available.
Plot: 1320 sq.m.
Building Density: 140%
Building cover: 50%
Height: 17m.
For urgent sale, asking price €1,250,000 plus VAT
