Under-Division Plot (No.1) in Sotira, Famagusta

Description

A 20,627 m² under-division plot (No.1) in Sotira, Famagusta, located approximately 400 m northwest of the Agia Thekla beachfront and around 2 km west of Ayia Napa Marina. The plot benefits from road frontage along a registered road. The immediate area comprises touristic developments alongside undeveloped parcels of land. The property falls within touristic planning zone T2β, with development parameters varying by use: hotels — 40% building density, 25% coverage, 3 floors and a maximum height of 13.50 m; touristic village/villas — 35% building density, 25% coverage, 2 floors and a maximum height of 10.00 m; houses — 20% building density, 20% coverage, 2 floors and a maximum height of 10.00 m. The asset is owned by Bank of Cyprus Public Company Ltd & Emovera Properties Ltd. The price is subject to VAT.