The asset is a plot in Softades, Larnaca.
The property is located c. 3.5km west of Pervolia community, 850m southeast of Kiti - Mazotos road and 300m from the beach.
The asset totals 750sqm with a rectangular shape and a flat smooth surface and benefits from a road frontage of 50m.
The plot is covered by all utility services (water, electricity, telecommunications).
The wider area consists of scattered residential developments and undeveloped parcels of land.
The property falls within touristic planning zone T2α with the following characteristics:
-Hotels - Building Density 45%, Coverage 20% over 3 floors and 13.1m maximum height.
-Touristic Village/Villas - Building Density 40%, Coverage 20% over 2 floors and 8.3m maximum height.
-Houses - Building Density 20%, Coverage 20% over 2 floors and 8.3m maximum height.
THE PRICE IS SUBJECT TO VAT.
All urban 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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