The asset consists of four adjacent residential fields in Agia Fylaxis, Limassol. The asset is located 860m from Agia Fylaxis center and 500m west of Palodeia-Limassol main road. The fields have an area of 40,470sqm and 60% building density. The area is characterised by the tranquillity and peacefulness of a quiet residential area of Limassol while being close to all amenities. The asset offeres easy access to Limassol city centre and the main highway heading both to Nicosia on the east and Paphos on the west. The immediate area consists mostly of residential developments and similar fields. The asset is ideal for the development of luxury villas or maisonettes.
The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.
Features
Land Registry
District:Limassol
Municipality / Community:Limassol Municipality
Reg.No:0/25517, 0/25664, 0/19519, 0/19520
Sheet:54/33
Parcel:98, 94, 95, 96
Zone:Κα7, Κα8, Κα8, Κα8
Title Deed:Yes
VAT:Yes
Areas
Land Area:40,470m²
Town Planning
Town Planning Zone:Residential
Building Density:60%
Coverage Ratio:35%
Max Floors:3
Max Height:13.5m
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