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4,125m² Plot for Sale in Kato Polemidia, Limassol District

ID: 4409132
Posted: 3 weeks ago
Modified: 3 weeks ago

Under Construction
10800m²

€3 850 000
+ VAT

Price per m²

€933/m²

VAT

Not Included in Price

VAT for this property is €724,014 (Reduced 5% rate) or €731,500 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Ref. #: 232751
Plot area: 4125m²
Building Density:5621%
Coverage Ratio:5271%

Sale of a plot in Kato Polemidia, Limassol. The plot, is adjacent to Omonias Avenue extending from the main motorway of Nicosia – Limassol – Paphos. It has a regular, elongated shape with a smooth flat surface, while three (3) registered, public, asphalted roads lead to the western boundary of the plot. This plot is considered ideal for commercial development particularly office spaces or student accommodation (125 studios of 30 m2 each). A study has shown that the office spaces development might total a density (including verandas) of 5621 m2 and the student accommodation development might total a density (including verandas) of 5271 m2. The plot falls into 2 planning zones commercial Εβ-72% and residential Κα5 – 28%. Size of the plot is 42 x 111 meters