Commercial land 42756 m²
Area: The are consists of a total 42756 m2, comprised by two plots, namely (i) plot 69, reg no. 0/11111 in Agios Athanasios of 42,101m2 and (ii) plot 71 reg no. 0/11344 in Agios Athanasios of 665m2.
Location: The location can be found on the maps on using this link
The land is on the main road right above Foley’s School and next to German Oncology Center.
Zoning: The zone of the land is Γα4, namely agricultural with 10% built ratio however, according to Limassol Local Plan ( section 23.6(b)) it falls within a specialized zone of large scale developments where you can build schools, medical clinics, theme parks, hotels, athletic centers etc.
Price: As per prevailing valuation by chartered surveyors, the asking price for the land is EUR 12,000,000 plus VAT. This amount to approx.. EUR 280 per m2. Subject to proper structuring a buyer can buy the holding company and pay no VAT or transfer fees.
Use: Based on current demographics in Limassol, namely large relocation of affluent foreigners, it appears the most prominent use of the land is for a private, high end, quality, English speaking school, to absorb exceeding demand to Foley’s , Heritage and other schools.
If you have an interested buyer we can discuss terms of cooperation.
Barbell Consulting is the legal representative of the owner.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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