Code | Build Factor | Cover Factor | Max Height | Max Floors | Affected Percentage |
---|---|---|---|---|---|
Κα7 | 80% | 45% | 13.5m | 3 | 66% |
Κα8 | 60% | 35% | 10m | 2 | 34% |
The property consists of four adjacent residential fields in Agia Fylaxis. It is located a 5 minutes drive to Agia Fylaxis center and a 10 minutes drive to Polemidia National Park.
The fields have an area of 40,470s sqm. A planning permit has been summited for the division of land into plots (pending approval). The property offers easy access to Limassol City Centre and the main highway to Nicosia and Paphos. It is situated in a peaceful residential area while being close to all amenities.
There is a division plan in place for 39 plots which has been submitted for a planning permit. Their land area varies from 521 sqm to 890s sqm.
The immediate area consists mainly of residential developments. The asset is ideal for the development of luxury villas and/or maisonettes.
The assets fall within the residential zone Ka8, with 80% maximum building density, 45% maximum coverage coefficient, on 3 floors, and a maximum of 13.5m height.
One asset falls within the residential zones Ka8 (34%) and Ka7 (66%), with 80%/60% maximum building density, 45% /35% maximum coverage coefficient, on 3/2 floors, and a maximum of 13.5m/10m height.
We recommend you seek independent legal advice regarding any applicable property transfer fees.