A high profile development opportunity and commercial site is now available for Sale in a very desirable location in Zakaki area (Limassol, Cyprus). Offering a total land area of 7355 m² , zoned for Commercial, Residential and unique Lifestyle in a high profile location. If someone is looking to reposition his business this is a wonderful opportunity.
This land is a rare development opportunity, as Zakaki is a high growth area as a result of all the new developments in the region (new Casino, new port, shopping mall). Purchasers will benefit from a prime location, just south of 1000m Shopping Mall and the new Casino of Melco-Hard Rock Resort Cyprus, in a sunny and expanding commercial area. In addition, the particular land is situated in one of the main roads of Limassol (Franklin Roosevelt street), just 500 meters from Limassol port. The particular site enjoys level contours allowing cost effective building options with excellent building density coefficient (Commercial: 120%, Residential: 100%).
The site will have frontage onto the main road (ensuring easy access to public and private transport) and stunning sea views from the back. A development on this site can be expected to be keenly sought after as upper levels can be expected to provide significant sea views.
This is a unique opportunity to secure a piece of paradise in one of the most magnificent and developed coastal cities in Cyprus. This property represents an ideal investment for a large scale development in a location with strong demand and limited supply at present. Commercial and residential sites of this size and quality are rarely available and will provide an exceptional opportunity for discerning buyers to secure a very strategic Investment.
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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