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Reference ID: #19963
Price details: €2,000,000 +VAT
The property comprises of three adjoining parcels totalling 1377 sqm located in the Kapsalos area in central Limassol.
The immediate area has benefited from significant levels of commercial developments along Spyrou Kyprianou Avenue (showrooms at the ground level and offices on the remaining floors) over the past few years. The wider area of Spyrou Kyprianou Avenue and Ayias Filaxeos Street comprises residential buildings of high quality. Assets located in this area benefit from proximity to the city centre and other neighbourhoods of Limassol.
It falls within dual planning zone (commercial planning zone Eβ5 – circa 937 sqm and the remaining 440 sqm into residential planning zone – Κα5).
The property zoned as Eβ5 (commercial) allows 120% building density, 50% coverage, 3 floors and a maximum height of 13.5m.
The property zoned as Κα5 (residential) allows 100% building density, 50% coverage, 3 floors and a maximum height of 13,5m.
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