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This asset consists of five adjoining fields in Foinikaria, Limassol and
falls within two planning zones. Agricultural planning zone Γ3 with 10% building density, 10% coverage, 2 floors and a maximum height of 8.3m and also protected planning zone Z3 with 1% building density, 1% coverage, 1 floors and a maximum height of 5m. The asset has a combined area of 112,526sqm, has an irregular shape with sloping surface.The immediate area comprises of pine tree forest as well as some scattered residential developments.The asset is not covered by any utility services (water, electricity and telecommunication)
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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