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Land for Sale in Ypsonas, Limassol, Cyprus

8,990m² Land in Ypsonas

Property type:
Land
Property size:
8990 m2
Furnish Status:
Non-furnished
Parking:
No
Stage:
Any
‎‎€ 2,700,000.00
Price per square meter
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Description

Land of 8,990m² situated on the main commercial road of Ypsonas, at a distance of 700 meters west of the roundabout of Paphos and 750 meters south of the Limassol-Paphos motorway. The property is situated close to amenities and services, approximately 3 km from Limassol Casino and Limassol Mall, 4km from Limassol's New Port and 5km from Limassol Marina.

4,675m² of the Land falls into the Commercial Zone Εβ and 4,315m² within the Residential Zone Ka7, both having the following development provisions:
-Building Density: 80%
-Building Coverage: 45%
-Maximum Floors Allowed: 3
-Maximum Height: 13,5m

The Land can get benefit from the following town planning incentives:
-Increase of 5% of the building factor for the implementation and use of renewable energy resources
-Increase of 20% for the commercial part from transfer of building factor from a listed building
-Increase of 5% for the residential part from transfer of building factor from a listed building

In addition based on different development scenarios the building factor can have:
- Additional increase of 10% on the commercial part of the Land, as an incentive provided that there is going to be a fully commercial - office building
- Additional increase of 20% as an incentive for the development of student halls.



Ideal for the development of a Commercial Center consisting of offices and showrooms, DIY stores, Supermarkets, e-commerce stores, cinema complex, Luna park, Private Hospital, apartment buildings, student halls or a mixed use development.

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‎‎€ 2,700,000.00
Price per square meter
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