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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 40,470sqm. 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 planning permit. Their land area varies from 521sqm to 890sqm.
The immediate area consists mainly of residential developments. The asset is ideal for the development of luxury villas and/or maisonettes.
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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