Description

The property consists of 2 large adjacent fields totalling 65.177 sqm in the Alethriko Community in Larnaca District.

The property is very well located circa 370m from the Limassol – Larnaca Motorway very near to the motorway entrance/exit and 40m north from the Alethriko – Agglisides Road.

It has a rather irregular shape and benefits from road frontage of circa 215m along Anexartisia Avenue, Agiou Epifaniou Street and Kerinias Street.

The field with Reg. No 0/9938 falls into residential planning zone H2, whereas the asset with Reg. No 0/10310 falls into dual planning zone (H3 - 18.604 sqm and Γ3 – 4. 474 sqm).

The asset is covered by all the utility services (electricity, water and telecommunication).

The immediate area is characterised mainly by mid to high specification residential developments as well as unutilised parcels of land.

The property falls into three zones: H2 (residential) with 90% building density, 50% coverage, 2 floors and a maximum height of 8,3m, H3 (residential) with 60% building density, 35% coverage, 2 floors and a maximum height of 8,3m and Γ3 (agricultural) with 10% building density, 10% coverage, 2 floors and a maximum height of 8,3m.

Owning SPV: Altco Properties Limited 

Reg. No. : 0/9938, 0/10310

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Additional Details