Land Koinoteta Agiou Tychona, Cyprus

These two adjoining residential zoned fields with a total area of 5.612 sqm are located in the Agios Tychonas area in Limassol District. The fields are circa 900m southwest of the community centre and circa 60m north of the Nicosia-Limassol Motorway. Both plots have a flat even surface and are accessible by a registered dead-end road. The asset benefits from limited sea views and a total road frontage of circa 175m and benefits from easy access to the Limassol-Nicosia Motorway, the Limassol city centre and other neighbourhoods. The wider area has experienced significant construction activity over the past few years mainly driven from the construction of houses and the division of land into plots. The wider area also comprises hotels and other entertainment facilities like bars and cafes. The immediate area comprises newly developed high quality detached houses, residential complexes and bungalows as well as undeveloped land. The asset falls within the Residential Planning Zone Kα10 with a building density coefficient of 30% and a coverage coefficient of 20%, over 2 floors and 10m maximum height.