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Pay in USD and save up to $140,365The property is a mixed-use (Commercial, Residential & Cultural) parcel of land occupying a total land area of 26,757sqm in Geroskipou Municipality in Paphos district.
The asset is located approximately 300m north-east of Geroskipou central square and 1km south-west of Paphos-Limassol motorway. It is a corner parcel, it abuts a public road on its north-west and south-west boundaries, has a regular rectangular shape and a generally flat surface.
The land is partly occupied by 7 listed buildings which were originally used as a silk factory with accommodation for the managers and its guests, however was formerly used as a military camp for Cyprus National Army until 2005. The property holds a valid planning permit for a mixed-use development expiring in 2018.
The immediate area is developed and comprises mostly of residential units. The property is in close proximity to the commercial area of Geroskipou. The asset has good accessibility towards the motorway, the Paphos city centre and the Paphos tourist district.
The asset falls within the Commercial and Residential Planning Zones Εβ8α/Κα5 with a building density coefficients of 70%/100% and a coverage coefficients of 50%/50%, over 3 floors and 13.5 meters maximum height, respectively.
THE PRICE IS SUBJECT TO VAT.
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
The property is a mixed-use (Commercial, Residential & Cultural) parcel of land occupying a total land area of 26,757sqm in Geroskipou Municipality in Paphos district.
The asset is located approximately 300m north-east of Geroskipou central square and 1km south-west of Paphos-Limassol motorway. It is a corner parcel, it abuts a public road on its north-west and south-west boundaries, has a regular rectangular shape and a generally flat surface.
The land is partly occupied by 7 listed buildings which were originally used as a silk factory with accommodation for the managers and its guests, however was formerly used as a military camp for Cyprus National Army until 2005. The property holds a valid planning permit for a mixed-use development expiring in 2018.
The immediate area is developed and comprises mostly of residential units. The property is in close proximity to the commercial area of Geroskipou. The asset has good accessibility towards the motorway, the Paphos city centre and the Paphos tourist district.
The asset falls within the Commercial and Residential Planning Zones Εβ8α/Κα5 with a building density coefficients of 70%/100% and a coverage coefficients of 50%/50%, over 3 floors and 13.5 meters maximum height, respectively.
THE PRICE IS SUBJECT TO VAT.
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
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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