Ref. No. 22633 Touristic Land

€12,000,000 Plus VAT
Softades Larnaka
Touristic Land
87264m² Plot
Sales Agent Stefanos Constantinou

Property Description

This property comprises of three adjoining fields in Softades, Larnaca.

The property is located c. 120m south Pervolia – Mazotos road, c. 3,7km southwest of Perivolia village and adjacent to the seafront.

The property has a total area of 87,264sqm. It benefits from a road frontage along its northeast and northwest borders as well as footpath frontage along its south border.

The immediate area comprises of undeveloped plots of land as well as some residential developments.

The property falls within two planning zones:

-83,897sqm fall within touristic planning zone Τ2α with the following parameters:

- For hotels: 45% building density, 20% coverage, 3 floors and a maximum height of 13.1m

- For touristic village: 40% building density, 20% coverage, 2 floors and a maximum height of 8,3m

- For houses: 20% building density, 20% coverage, 2 floors and a maximum height of 8.3m

-3,367sqm fall within protection planning zone Z1 with a building density of 6% and a coverage of 6%, over 2 floors and 8.3m maximum height.

Owner: Eurolife Properties Ltd


Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 12/04/2024.

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

Property Features

Plus VAT

Transfer Fees

€500,508
BUYING AS AN INDIVIDUAL
€476,600 Transfer fees + €23,908 Stamp Duty
€497,108
BUYING ON JOINT NAMES
€473,200 Transfer fees + €23,908 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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