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€12,000,000 + VAT €7,571/m²

1,585m² Plot for Sale in Limassol – Katholiki

Limassol - Katholiki, Limassol district Posted 3 years ago Updated 3 days ago
1,585 m²Covered area
1,585 m²Plot
Brand NewCondition
Smart Assets Agency · Reg. 1109 · Licence 317/E 1,814 for sale

About this home

Reference ID: #SA32717Price details: €12,000,000Attractive commercial plot in one of the most central areas of Limassol.This plot is located in the heart of the city, in a very active area known for its commercial and residential activity.It offers excellent access to the motorway and is just 100 metres from the most commercial street in the city.Its proximity to private universities, schools, supermarkets and other amenities make this plot particularly appealing.The property falls within three planninig zonesΕβ3 (17 %) with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m heightΕβ2 (70%) with a building density coefficient of 180% and a coverage coefficient of 50%, over 6 floors and 24m heightΚα3 (12 %) with a building density coefficient of 140% and a coverage coefficient of 50%, over 4 floors and 17m height There is already permit and plans for 12 floor building with offices.The plot is registered on a holding company so No VAT.

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Reference
SA32717
Property type
Land and Plots
Plot area
1,585 m²
Building density
180%
Coverage ratio
50%
Max. floors
12
Max. height
20.5 m

What it will really cost

Is this your first home in Cyprus?Reduced 5% VAT applies to the first 150 m² of your main residence.
Asking price€12,000,000
VAT at reduced 5%€2,121,009
Title transfer fee None
Estimated total€14,121,009
Mortgage estimate
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Location

Limassol - Katholiki, Limassol district

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€12,000,000+ VAT · €7,571/m²
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