Sale Land Area: Agios Ioannis - Price: € 1 160 000 ID: 06970

Commercial plot of 1320 sq.m. for sale on Demokratias main street, Ayios Ioannis area in Limassol, very close to the Dept. of Lands and Surveys.The plot is presently leased to a Petrol Station for 20 years.It facilitates Western street frontage attached in Demokratias Street.The surrounding area is predominantly commercial, with most of the governmental offices such as the Vat Office, the Ministry of Labour and many more in the vicinity.Moreover in the surrounding area there are many offshore and shipping companies, which are benefited, as the major advantage the plot enjoys is that it is minutes away from Limassols old Port, Limassols New Port and the newly established Limassol Marina.According to the local plan the plot falls within the Eb4 commercial building zone which sets out the following parameters:Building Density: 140%Building Cover: 50%Floors: 4Height: 17 mAvailable for a scheme of 4 floors for any commercial development.However the Land Registry in order to promote more parking places in the vicinity, has pointed out that if a proposed development creates 60 parking spaces, the building factor will rise to 210% with 8 available building floors instead of 4.License for Petrol station available.It is also in the plan that provides incentives for the creation of public parking areas.* Distance to city centre: 2.5 km* Distance to sea: 1 km* Close to amenities* Price Subject to VAT