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Land for Sale in Ypsonas, Limassol, Cyprus

8,990m² Land in Ypsonas with additional Incentives

Property type:
Land
Plot Area:
8990 m2
‎‎€ 4,500,000.00
Price per square meter
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Location

Map
Ypsonas, Limassol, Cyprus

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.

Nearby Amenities within 1 km

School
11
Hospital
4
Bank
3
Park
10
Shopping mall
14
Supermarket
12
Police
1
Transit station
4

Prices & Trends

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‎‎€ 4,500,000.00
Price per square meter
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Land for Sale in Ypsonas, Limassol, Cyprus Land for Sale in Ypsonas, Limassol, Cyprus Land for Sale in Ypsonas, Limassol, Cyprus Land for Sale in Ypsonas, Limassol, Cyprus Land for Sale in Ypsonas, Limassol, Cyprus Land for Sale in Ypsonas, Limassol, Cyprus

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