Description

This asset is a field in Timi village, Paphos.

The field is located c. 400m north of the center of Timi village, c. 450m south of the Paphos – Limassol motorway and 3Km north of the Paphos airport.

The asset has an area of 19,399sqm, however due to road widening work for pavement development on site the net area of the asset is expected to be c. 18,456sqm. The asset has an irregular shape, smooth sloping surface, benefits from a road frontage of c. 210m and offers a distant view of the sea.

The immediate area of the asset comprises of undeveloped parcels of land and residential developments.

The property has the potential to be covered by all essential services (electricity, water and telecommunications).

The asset falls within two planning zones:

-‘62% share’ into H2 with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and a maximum height of 8,3m.

- ‘38% share’ into H3 with building density coefficient of 60%, coverage coefficient 35%, in 2 floors and a maximum height of 8,3m.

THE PRICE IS SUBJECT TO VAT.

Reg. No. : 0/9148

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