\u0392each-Front Field for Sale
\nLocation:Larnaca CYPRUS
\n \/
\n .
\nZone:
\nSuitable for Hotel resort and villas
\n
\n
\nPLOT PARAMETERS AND PLANNING RESTRICTIONS:
\n
\nZoning T2u (Tourist Zone) with direct access to a road.
\n
\nOption 1 – Hotel Development
\n
\nMaximum allowable Density 45% x 120% = 54%
\n
\nMaximum allowable Coverage 20%
\n
\nNo. of floors 3 \u2014 maximum height of building 13,10 m
\n
\nOption 2 \u2014 “Tourist Village” Development
\n
\nMaximum allowable Density 40% x 120% 48%
\n
\nMaximum allowable Coverage 20%
\n
\nNo. of floors 2 \u2014 maximum height of building 8,30 m
\n
\nOption 3 – Residential Development Maximum allowable Density 20%
\n
\nMaximum allowable Coverage 20%
\n
\nNo. of floors 2 \u2014 maximum height of building 8,30 m
\n
\nThe Hotel or Tourist Village Development (options 1 & 2 above) are considered the most desirable and cost effective because of the additional 20% density concession that has recently been announced by the government.
\n
\n Plot Areas\u00a8 80,100m2
\n
\nAllow for Road & Green Areas, say 20% (max by_ law 40%)\u00a0\u00a0 17.020m2
\n
\n
\n
\nApproximate Net Plot Area
\n\u00a068.080m2
\n
\n
\n
\n
\n
\n
\n
\n
\nOption 1 – Hotel Development
\n
\n
\n2
\n
\n
\nMaximum Building Density:
\n68.080 x 48% – 36.763 m
\n
\n
\nMaximum Building Coverage:
\n68.080 x 20% – 13.616 m
\n
\n
\n
\n
\n
\n
\nOption 2 \u2014 “Tourist Village” Development
\n2
\n
\n
\n
\nMaximum Building Density:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 68.080 x
\n\u00a0-32.678 m
\n
\n2
\n
\n
\n
\nMaximum Building Coverage:\u00a0\u00a0\u00a0\u00a0 68.080 x 20
\n\u00a0– 13.616m
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n\u00a0
\n
\nPOTENTIAL FOR DEVELOPMENT OF THE LAND:
\n
\nFrom the above it can be ascertained that there is potential for building a 4 or 5 star Hotel on site with over 700 rooms and all amenities. The preliminary cost estimate for such a development would be approximately fifty (50) million Euros, not including the cost of the land.
\n
\nThere is also potential for building a Tourist Village on site with over 550 units and all amenities. The preliminary cost estimate for such a development would be approximately forty (40) million Euros, not including the cost of the land.
\n
\nThe above is an outline preliminary assessment on the potential of the aforementioned plots.
\n
\nWe are at your disposal for any further clarifications as well as a more detailed analysis and preliminary architectural assessment.
\n
\n
<\/p>","protected":false},"excerpt":{"rendered":"
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