Parekklisia Tourist Area
Commercial Land
8234 m² Plot

FOR SALE - €12,000,000 - REF. NO. PL35118

This plot is located at the coastal road 150 meters from the beach. Is one of the last plots left is the coastal road of Limassol. The location is ideal for a project development in the most upscale area of Limassol. In this plot you can design any type of project or a mix, from apartments, to detached houses up to a 16 floor tower. A project was designed in this plot with Town Planning permits issued consisting of 11 villas and block of apartments. The plot area on the title is 7980 sqm, but an additional 254 sqm. is added in the overall area from another preserved plot, making total area of plot, 8234sqm.   At the moment the zone is T2δ2 with 40% building density and 25 % cover. However, on the basis of the town planning incentives announced by the government, the building factor of the block may be increased by 20% and there is already an application submitted for a modification of the Town Planning License.  
Beach: Walking distance
Sea views
Town or Village: 5 min drive


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