Land Registry details:
The property on offer is made up by parcels of land which are registered under the Land Registry of Ammochostos, Paralimni region and Plan number 2-293-380/8.
Urban zones planning
The land that is offered for sale has 17,898.4 square meters, which constitutes 75.6% of the total surface area, that fall under the urban planning zone T1στ1. This allows 25% coverage and a maximum building coefficient of 30% for residential developments while this is increased to 50% for hotel developments.
Due consideration should be given to the fact that 1,525 square meters within zone T1στ1 also fall within the Coastal Protection Zone. The building coefficient from these plots may be transferred to adjacent plots as part of a unified development (ενιαία ανάπτυξη).
The seller is offering the affected parcels either as a whole, or as a share of the whole that will exclude the parts which fall under the Coastal Protection Zone.
There are also 5,764.6 square meters, which translates to 24.4% of the whole, that fall under urban planning zone T1στ2. The maximum coverage that is applicable here is 25% and the maximum building coefficient for residential developments is 30% while this is increased to 50% for hotels.
Description of the location and surrounding area:
The property is situated in the northeast region of the Paralimni-Deryneia municipality, in the vicinity of Laxia. The plots northeastern border is the beachfront, of the Ayia Triada Beach. From the north, it is approximately 70 meters due southeast from Tinou Street while its easternmost border meets Ayias Triados road. On its western side it