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1,416m² Plot for Sale in Limassol - Katholiki

ID: 1475699
Posted: 10 months ago
Modified: 4 days ago

Under Construction
5995m²

€5 300 000
+ VAT

Price per m²

€3743/m²

VAT

Not Included in Price

VAT for this property is €988,435 (Reduced 5% rate) or €1,007,000 (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. #: SA33111
Plot area: 1416m²
Building Density:160%
Coverage Ratio:50%

Reference ID: #SA33111Price details: €5,300,000Attractive commercial plot in one of the most central areas of Limassol. Located within the Historic area of Limassol, an 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.Ideal opportunity for investment.The property falls within two planning zones:Εβ3 (45%) with a building density coefficient of 160% and a coverage coefficient of 50%, over 5 floors and 20,5m heightΚα3 (55%) with a building density coefficient of 140% and a coverage coefficient of 50%, over 4 floors and 17m height There are already Planning and Building Permits for the erection of a 10 upper ground commercial levels totaling around 3940 sqm and 2 underground levels totaling around 2055 sqm. The plot is registered on a holding company thus No VAT is imposed.