The asset consists of two adjacent fields in Agios Theodoros, Larnaca.
The properties are located c. 200m north of the Zygi - Larnaca road and 210m north of the beach.
The assets have an area of 6,689sqm and 5,686sqm for combined total area of 12,375sqm.
The plot is covered by all utility services (water, telecommunications, and electricity).
The asset is surrounded by undeveloped land parcels, as well as scattered residential developments.
The asset falls within touristic planning zone Τ3β, with the following characteristics, depending on use:
• For hotels: Building density coefficient of 30%, coverage coefficient 20%, in 3 floors and 13,1m height.
• Touristic village / villas: Building density coefficient of 25%, coverage coefficient 20%, in 2 floors and 8,3m height.
• For houses: Building density coefficient of 20%, coverage coefficient 20%, in 2 floors and 8,3m height.
THE PROPERTY IS SUBJECT TO VAT.
All urban planning features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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