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1,990 SQM Commercial Land
Kato Polemidia, Limassol

€3,300,000  ($3,806,725)

LifeRealty

LifeRealty

Reg. No: 1234 / Licensed No: 603/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $133,235

Average Bank Rate (€3,300,000)
1 USD = 0.8376 EUR
$3,939,960

Mid-market rate (€3,300,000)
1 USD = 0.8669 EUR
$3,806,725

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Commercial (ΕΒ4)

Description: Commercial And Other Activities. (Εμπορικες Και Αλλες Δραστ. Εκτος Πυκν. Περ. Πολης)

Coverage: 0.5

Density: 1.4

Height: 17 meters

Allowed stories: 4

Development description: Local Plan Of Limassol (Τοπικο Σχεδιο Λεμεσου)


Nearby planning zones

Residential: 0.1 Km

Commercial: 0.1 Km

Tourist: 5.3 Km

Industrial: 2.16 Km

Agricultural: 2.54 Km

Farm: 7.78 Km

Key features

  • Listing ID: 1868949 (2283)
  • Plot: 1990 sqm

Description

Presenting this mixed-use field in the area of Kato Polemidia, Limassol. Covering a total area of 1,990 square meters, the property offers excellent investment potential for both developers and investors. It is conveniently situated just 10 minutes from the city center and only 2 minutes from the highway, with direct frontage on a busy main road surrounded by numerous commercial and residential projects, ensuring high visibility and accessibility.

According to Limassol’s local town planning regulations, the field is divided into two zones. The residential zone (Kα5) permits a building density of 100% and a coverage of 50%, while the commercial zone (Eβ5) allows for a higher building density of 140% with the same coverage of 50%. Developments can reach up to four floors and a height of 17 meters, providing significant flexibility for various types of projects.

This zoning combination makes the property ideal for a wide range of developments, including residential buildings, office spaces, retail shops, restaurants, or modern mixed-use complexes. Its location and development potential make it a truly valuable opportunity.

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Buying expenses

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.

Transfer fees
If buying as an individual
€128,600 ($148,347)
If buying on joint names
€125,200 ($144,425)

Disclaimer - Property reference 1868949. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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