€3,750,000 [Ref. No. R15534]

Paphos, Geroskipou
Residential Land
Plot: 26757m²
Plot Zone: Εβ8α, Κα5
Building Density: 100%, 70%
Covering Factor: 50%, 5%
Max floors: 3, 3
Max Height: 13,50, 13,50 m

FOR SALE - €3,750,000 - REF NO. R15534

Residential Land in Paphos, Geroskipou

The land iof 26757sqm s a mixed-use (Commercial, Residential & Cultural) parcel of land occupying a total land area of 26,757sqm in Geroskipou Municipality in Paphos district. It is located approximately 300m north-east of Geroskipou central square and 1km south-west of Paphos-Limassol motorway. It is a corner parcel, it abuts a public road on its north-west and south-west boundaries, has a regular rectangular shape and a generally flat surface.

The land is partly occupied by 7 listed buildings which were originally used as a silk factory with accommodation for the managers and its guests, however was formerly used as a military camp for Cyprus National Army until 2005. The property holds a valid planning permit for a mixed-use development expiring in 2018.

The immediate area is developed and comprises mostly of residential units. The property is in close proximity to the commercial area of Geroskipou. The asset has good accessibility towards the motorway, the Paphos city centre and the Paphos tourist district.

The land falls within the Commercial and Residential Planning Zones Εβ8α/Κα5 with a building density coefficients of 70%/100% and a coverage coefficients of 50%/50%, over 3 floors and 13.5 meters maximum height, respectively.

THE PRICE IS SUBJECT TO VAT.
Title deeds are available. 


Airport: 10 min drive
Beach: 5 min Drive
Golf: 10 min drive
Plus VAT
Title deeds available
Town: 5 min drive

Geroskipou

This area is mostly inhabited by locals and prices here tend to be a little lower than the center of Paphos. We find that what is mostly sold here is apartments, in the year 2018-2019, 57 apartments have been sold, while detached villas was only a fraction of that number in the same time frame. This is a convenient location being so close to schools, the airport, the beach, and many restaurants. The value for money buying or renting an apartment in this area could be considered better as size for a one-bedroom apartment is about 10-15% bigger than what it would be coming closer to the Kato Paphos. This is a place that is still very close to the bu...


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