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Land for Sale in Limassol Municipality, Limassol, Cyprus

Land of 242,725m² with Permits for Development

Property type:
Land
Property size:
242725 m2
Furnish Status:
Non-furnished
Parking:
No
Stage:
Any
‎‎€ 13,000,000.00
Price per square meter
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Location

Map
Limassol Municipality, Limassol, Cyprus

Description

Four adjacent pieces of Land forming a large parcel entity of a total area of 242,725m² situated within the administrative areas of Palodia Village and Agia Fyla, abutting on the Limassol-Troodos road, some 1.5 km and 300m southwest of Palodia Village and "The Heritage" private school respectively.

According to the latest amendment of the Local Plan of Limassol, properties which fall within the designated area for "Specified Developments" and have an extend of 60,000m² and more, are able to be granted increased building density up to 30%, coverage up to 20% in three storeys.

The property has secured Planning Permission for the construction of Tertiary Education School (University Campus) and Medical Center.

The eastern part of the property, which abuts on the Limassol-Troodos road is assigned for Photovoltaic Park. To the west of the Photovoltaic Park, the area is assigned for a Medical Center of an area of 2,500m². The area immediately to the north of the Medical Center is assigned for a Conference Center of an area of 3,800m². Next to that the area is assigned for a Commercial Center with coffee shops, grocery and other facilities for the use of the students of a total area of 1,500m².

At the center of the plots, the main building of the University of an area of 23,000m² will comprise the followings:
a)Building with lecture theaters and class rooms, offices and cafeterias, laboratories etc
b) Indoor athletic center
c) Volleyball and basketball rooms
d) Football stadium
e) Conference Rooms

The north of the main building is assigned for 5 three-storey residential buildings of a total area of 29,000m². These buildings will be independent with separate access and parking spaces.

The remaining development will be provided with adequate parking spaces.

Prices & Trends

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‎‎€ 13,000,000.00
Price per square meter
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