The property comprises two adjacent residential zoned parcels of land located in Archaggelos Michael Area in Kato Polemidia, Limassol.
The property falls into a residential planning zone (Kα5) with a total area of 17.959 sqm and the works for its division into 15 residential plots are almost finalized.
It is served by the utility services (electricity, water and telecommunication).
The wider area consists of mid and high specification residential developments (detached and semi-detached houses, residential blocks of flats) as well as land division works. Properties in this area have good proximity to the Limassol city centre, the Port and the Hospital.
The asset falls within the Residential Planning Zone Kα5 with a building density coefficient of 100% and a coverage coefficient of 50%, over 3 floors and 13,5m maximum.