Prime 390sq.m. commercial plot situated in a highly-sought-after neighbourhood in Chalkoutsa, Mesa Geitonia, Limassol.

Property Highlights:
\u2022 Total Plot Area: 390 sq.m.
\u2022 Total Road Frontage: Approximately 38m. A total of 19m on Archiepiskopou Makariou III Avenue and 19m on Andrea Zakou street
\u2022 Shape: Corner Plot
\u2022 Infrastructure: Fully serviced by water, electricity, and telecommunications.

Key Features:
\u2022 Permits issued:
1) Demolition permit for the existing obsolete building
2) Planning permit and plot division
3) Building permit for a 4-storey commercial building consisting of:
\u2022 One ground-floor shop (37sq.m. internal area, 1 covered parking space)
\u2022 Three 3-bedroom whole-floor apartments (119sq.m. internal area, 15sq.m. covered verandas, 1 covered parking space)
\u2022 One 1-bedroom top-floor apartment (68sq.m. internal area, 28sq.m. covered verandas, 27sq.m. uncovered verandas, 1 covered parking space)
\u2022 Permits pending issuance:
1) Horizontal Division Permit

Location:
\u2022 Abuts on Archiepiskopou Makariou III Avenue
\u2022 Approximately 540m west of the 10th Primary School
\u2022 Approximately 370m south of Spyrou Kyprianou Avenue

Planning Zone:
\u2022 Commercial Zone: \u0395\u03b24
\u2022 Building Density: 140%
\u2022 Coverage: 50%
\u2022 Floors: 4 (max height 17m)

There is a separate title deed for this property.

Disclaimer
\u201cThe seller has undertaken a study for the development of the property. The photographs are digitalised and illustrate the property as per the study for the development undertaken and may be subject to change. The development works will not be undertaken by the seller. The seller bears no responsibility or liability in relation to any costs and\/or expenses and\/or the timeframe for the undertaking and\/or completion of such development works, and such shall be borne by the purchaser in addition to the purchase price.\"","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio (S1) Management Holdings Limited.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.