Located on the first line of the sandy beaches of Geroskipou Bay in Paphos, this land is available for sale. It covers a total area of 58,280 sqm. Suitable for development and investment purposes.
It falls into 4 Town Planning Zones.
•Town Planning Zone Τ5β (Τourist Zone)
Building Density Coefficient: 30%
Building Coverage Coefficient: 20%
Height: 10m
Levels:2
•Town Planning Zone T3ε2 (Τourist Zone)
Building Density Coefficient: 25%
Building Coverage Coefficient: 20%
Height: 10m
Levels:2 ,
•Town Planning Zone Γα2 (Agricultural)
Building Density Coefficient: 6%
Building Coverage Coefficient: 6%
Height: 7m
Levels:2
•Town Planning Zone Δα1 (Protection)
Building Density Coefficient: 0.5%
Building Coverage Coefficient: 0.5%
Height: 5m
Levels:1
DEVELOPMENT AREA ANALYSIS
Prepared by Civil Engineer Aris Sofokleous, Advanced Civil Engineering Solutions
The Land Benefits from the below Urban Incentives:
• Incentive No 1: Urban Incentive Plan for the Recovery of Development Activity in Cyprus
In designated Tourist Zones with a Building Coefficient for Hotels or other Development for Tourism, greater than 0.20:1, the building coefficient will increase by 20% for all types of Development allowed.
20% Increase // 2,605.9 sqm
• Incentive No2: The Preserved & Listed Buildings Law (Law 240(I) of 2002) Decree Pursuant to Article 3(1)
An addition of 15% of extra Building Coefficient will be allowed to be transferred, from listed buildings to all Tourist Zones of Local Plans of Development
15% Increase // 1,954.4 sqm
• Incentive No3: Urban Incentive Plan for the Recovery of Development Activity in Cyprus
An additional 5% of extra Building Coefficient is provided, with the prerequisite that all the energy needs of the Development will be covered by renewable energy sources
5% Increase // 651.5 sqm
• Incentive No4: Incentive Scheme 2019-2019 for the Creation of Parking Spaces for Public Use
An additional Building Coefficient of up to 50%, the potential Investor might benefit from, if he manages to prove that the creation of a Parking Lot in this Location, for Public use, is necessary and will benefit the area in a positive way.
The Incentive above is at the discretion of the Town Planning Department, whether it will be approved or not and to what extent.
50% Increase / / 6,514.8 sqm
Development Scenario No 1:
Urban Characteristics & Incentives 1,2,3
Plot size: 58,280 sqm
Deductions (Road Network & Public Green Area): 10,490.4 sqm
Clear Plot Size for Development: 47,789.6 sqm
Building Coefficient: 13,029.6 sqm
Incentive No 1: 20% // 2,605.9 sqm
Incentive No 2: 15% // 1,954.4 sqm
Incentive No 3: 5% // 651.5 sqm
Increased Building Coefficient: 18,241.4 sqm
Coverage: 9,007.3 sqm
Development Scenario No 2:
Urban Characteristics & Incentives 1, 2,3, 4
Plot size: 58,280 sqm
Deductions (Road Network & Public Green Area): 10,490.4 sqm
Clear Plot Size for Development: 47,789.6 sqm
Building Coefficient: 13,029.6 sqm
Incentive No 1: 20% // 2,605.9 sqm
Incentive No 2: 15% // 1,954.4 sqm
Incentive No 3: 5% // 651.5 sqm
Incentive No 4: 50% // 6,514.8 sqm
Increased Building Coefficient: 24,756.2 sqm
Coverage: 9,007.3 sqm