PARTIALLY CONSTRUCTED THREE-STORY RESIDENTIAL COMPLEX IN PEYIA

The property, located in Peyia, presents itself as a promising but partially constructed three-story residential complex. Comprising a total of 17 apartments, the unit distribution is meticulously planned to include 11 studio apartments, 2 one-bedroom flats, 3 two-bedroom flats, and 1 three-bedroom flat. At the present stage, the completion progress stands at around 30% of the overall structure.

This development adheres to specific planning guidelines, falling within planning zone Η3. The regulatory parameters for this property include a maximum density ratio of 0.6, allowing for thoughtful and sustainable development. The maximum height is capped at 8.3 meters, ensuring harmony with the surrounding environment. Additionally, the maximum coverage ratio is set at 0.35, striking a balance between building footprint and open space. The structure is limited to a maximum of three floors, aligning with the architectural vision for the area.

An interesting facet of this property is the affected percentage, which is recorded at 100%. This signifies that the entire property is subject to the specified planning regulations, ensuring a cohesive and harmonious integration with the surrounding urban landscape.

As this residential complex moves towards completion, it holds the potential to become a distinctive and well-designed addition to the vibrant community of Peyia, providing a range of housing options while respecting the established planning parameters.

Planning zone: Η3; Max density ratio: 0.6; Max height in meters: 8.3; Max coverage ratio: 0.35; Max number of floors: 2; Affected percentage: 100%

*The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.

*Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

*LEGALITIES: Building Permit and Title deed for the Land available.

Peyia is a town in Cyprus with population approximately 10,000 residents. Peyia is situated mainly on the coastal hills inland from Coral Bay, at the southern end of the Akamas Peninsula, and it lies 14 km north of Paphos. It has a good population of British ex-pats and a growing number of holiday and residential homes and apartments. In the town centre can be found a town hall, church, police station and several small shops, restaurants and banks. Due to its amazing hillside location many parts of the town offer Panoramic sea views over Coral Bay and Paphos.

Peyia actually covers a large area stretching from the Peyia Forest on the hills high above the village in the north, to the sea in the south, and from the Bay of Maa in the east to the Akamas Peninsula in the west. However the name is used more frequently in respect to the town.

Peyia, like many other towns in the Paphos region, has a large number of cafes and restaurants. More places to eat are being opening suggesting there is no shortage of demand. These range from taverns, meze houses and traditional cafes, to themed restaurants . The closes traditional village is Kathikas, which again has an impressive range of eateries, and the Vasilikon and Sterna Winery.

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

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