For Sale : Residential Land - Timi - €831,000

This asset is a field in Timi, Paphos.

The asset is located c. 420m southeast of Timi – Paphos airport road, c. 2,2k, east of Paphos airport and c. 2,3km south of the Timi’s centre.

The asset has an area of 24,081sqm and benefits from c.117m sea frontage on its south border. It has a rather regular shape and a smooth flat surface and offers nice sea view. Part of the asset (c. 5,700sqm) falls within the beach protection zone while another part of the asset falls within Paphos Airport Public Safety Zone, which only permits limited uses. The asset is landlocked.

The immediate area comprises of agricultural and undeveloped parcels of land.

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

The asset falls within planning zone T3γ:

-Hotels 25% building density, 20% coverage, 3 floors and a maximum height of 13,1m.

-Touristic village with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.

-Houses with 20% building density, 20% coverage, 2 floors and a maximum height of 8,3m.

THE PRICE IS SUBJECT TO VAT.

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